The British fashion market has returned to growth, albeit at a mild pace of only 0.2%, according to new figures from Kantar Worldpanel. Less discounting and more transitional pieces are the reasons behind the growth.
Affected by a tough traditional menswear market, the historic Italian label will be closing its factory in Carate Brianza north of Milan. The site employs 134 workers and ceased operations on Wednesday.
A UK parliamentary report has criticised Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders.
Ebay Authenticate has launched to target shoppers buying and selling handbags. Sellers send the handbag to Ebay's team of experts who examine the bag and validate its authenticity before the buyer receives it.
Trade unions on Tuesday hailed a landmark ruling allowing complaints to proceed against two global fashion brands for allegedly violating an agreement to improve building safety in garment factories in Bangladesh.
It is possible that Britain will leave the European Union without a transition agreement, and companies need to do more to prepare for an abrupt departure, Irish Central Bank Deputy Governor Ed Sibley said on Tuesday.