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China’s consumer sentiment starting to improve, surveys show

China’s consumer sentiment starting to improve, surveys show

Chinese consumer sentiment improved in August, snapping several months of decline, though it remains weak compared to earlier this year, according to two surveys.
Fashion
BRICS invites six countries including Saudi Arabia, Iran to be new members

BRICS invites six countries including Saudi Arabia, Iran to be new members

According to South African President Cyril Ramaphosa the BRICS group of nations has decided to invite six countries to become new members of the bloc.
Kohl’s beats expectations as inventory levels improve

Kohl’s beats expectations as inventory levels improve

Kohl’s Corp second-quarter profit exceeded the average analyst estimate as inventory levels fell, suggesting that efforts to clear excess merchandise are showing results.
Fashion
Elon Musk's X plans to remove headlines from links to news articles

Elon Musk's X plans to remove headlines from links to news articles

Elon Musk is pushing to change how news links appear on his social media platform X, formerly called Twitter, in a move that could potentially undermine the ability of news publishers to draw audience.
Alphabet profit beats expectations, CFO Porat to assume new role

Alphabet profit beats expectations, CFO Porat to assume new role

Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
Fashion icon Jane Birkin dies at 76

Fashion icon Jane Birkin dies at 76

British-born actress and singer Jane Birkin, a 1960s wild-child who became a beloved figure in France, has died in Paris aged 76. The French Culture Ministry said the country had lost a "timeless Francophone icon".
Luxury
Podcast: thriving cashmere label Kujten keen to expand internationally

Podcast: thriving cashmere label Kujten keen to expand internationally

French businesswoman Carole Benaroya and designer Stéphanie Eriksson talk about cashmere and their Kujten label with Olivier Guyot in a new LuxurynsightxFashionNetwork podcast (in French).
Luxury
YouTube is launching its first official live shopping channel

YouTube is launching its first official live shopping channel

Live shopping isn't dead. In contrast with Meta, YouTube isn't calling it quits on the business of livestream online shopping. The video platform has just announced the launch of its first channel for live shopping.
Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO

Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO

Alibaba Group Holding said on Tuesday that Eddie Yongming Wu, chairman of its Taobao and Tmall Group, will succeed Daniel Zhang as CEO, in its biggest executive reshuffle since its restructuring.
Olympics-IOC gives Paris 2024 kudos, organisers still seeking LVMH deal

Olympics-IOC gives Paris 2024 kudos, organisers still seeking LVMH deal

The International Olympic Committee is confident that Paris will be ready to host the 2024 Summer Games, the IOC's co-ordination commission said on Wednesday.
Luxury
Meta hit with record $1.3 bln fine over data transfers

Meta hit with record $1.3 bln fine over data transfers

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users' data to the U.S.
Gap Group is preparing a new round of redundancies

Gap Group is preparing a new round of redundancies

The American group, owner of Gap, Old Navy, Athleta and others, intends to cut another several hundred jobs, according to the Wall Street Journal, notably at its San Francisco headquarters and its global supply chain.
Fashion
French Federation advances July 2024 Couture season, with Paris Olympics in view

French Federation advances July 2024 Couture season, with Paris Olympics in view

The Federation de la Haute Couture et de la Mode, French fashion’s governing body, has decided to advance the dates of next year’s summer haute couture week, in order to avoid any overlap with the Paris 2024 Olympics.
Fashion
Rana Plaza: ten years later, has the fashion industry learned its lesson?

Rana Plaza: ten years later, has the fashion industry learned its lesson?

On April 24, 2013 in Dhaka, 1,138 textile workers were killed. Although measures have been taken to improve factory safety since then, progress remains limited and the companies are still battling for the lowest prices.
Fashion
Bernard Arnault says LVMH sponsorship of Paris 2024 Olympics is “being discussed”

Bernard Arnault says LVMH sponsorship of Paris 2024 Olympics is “being discussed”

On Thursday, LVMH’s CEO confirmed that a contract is “being discussed,” after months of rumours that the French luxury giant could become a premium sponsor of the 2024 Paris Olympics.
Luxury
Zalando, H&M, Inditex, and Adidas among the top cross-border e-commerce platforms in Europe

Zalando, H&M, Inditex, and Adidas among the top cross-border e-commerce platforms in Europe

The pure-play fashion retailer Zalando, along with the fashion giants H&M and Inditex, sportswear brand Adidas, and cosmetics specialist Norino, are among the top 10 largest cross-border e-commerce platforms in Europe.
Fashion