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Rise of fast-fashion Shein, Temu roils global air cargo industry

Rise of fast-fashion Shein, Temu roils global air cargo industry

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times.
Shopify: Emilie Benoit-Vernay takes over as Director of Partnerships EMEA

Shopify: Emilie Benoit-Vernay takes over as Director of Partnerships EMEA

The Canadian platform for creating webstores worldwide has appointed Emilie Benoit-Vernay as Director of Partnerships for EMEA, while Lara Rosquët is taking over its French operations. 
Young creators face cost dilemma at London Fashion Week

Young creators face cost dilemma at London Fashion Week

To show or not to show at London Fashion Week? That was the question at this year's event for young independent brands facing higher costs post Brexit and soaring inflation.
Fashion
Lab-grown diamonds put natural gems under pressure

Lab-grown diamonds put natural gems under pressure

The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.
Luxury
EU opens formal investigation into TikTok over possible online content breaches

EU opens formal investigation into TikTok over possible online content breaches

The European Union will investigate whether TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, putting the social media platform at risk of a hefty fine.
Retailers demand more action from EU to resolve Red Sea crisis

Retailers demand more action from EU to resolve Red Sea crisis

European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade and had "massive impacts" on businesses.
Fashion
Temu is ‘shopping like a billionaire’ for ads. What could go wrong?

Temu is ‘shopping like a billionaire’ for ads. What could go wrong?

The business of selling cheap odds and ends online might prove to be just as short-lived as a polyester sweater from a fast fashion company.
Fashion
Galeries Lafayette: future of 26 French franchised stores to be finally decided on February 21

Galeries Lafayette: future of 26 French franchised stores to be finally decided on February 21

The future of 1,000 employees is hanging in the balance: the final ruling on the continuity plan for the 26 Galeries Lafayette stores owned by Michel Ohayon has been postponed to February 21 by the Bordeaux trade court.
Fashion
Stefano Tonchi and Sharon Waxman launch TheWrapBook

Stefano Tonchi and Sharon Waxman launch TheWrapBook

TheWrap, th entertainment business and media platform, is launching a cinematic collectible celebrating the art of entertainment. Stefano Tonchi serves as editorial director and Sharon Waxman editor in chief and CEO.
Luxury
Hermes vs Hermes: Turkish bookseller takes on French giant

Hermes vs Hermes: Turkish bookseller takes on French giant

It's a case of Hermes vs Hermes. The global luxury goods giant based in Paris, is suing the other, a cosy bookseller tucked away in a Turkish seaside town, over alleged trade name infringement.
Luxury
Blackstone said to consider bid for skin-care company L’Occitane

Blackstone said to consider bid for skin-care company L’Occitane

Blackstone Inc. is considering a bid for skin-care company L’Occitane International SA, according to people familiar with the matter. 
Beauty
In Germany, KaDeWe Group initiates insolvency proceedings

In Germany, KaDeWe Group initiates insolvency proceedings

Rent is too high. "Before rent", the business is profitable, explains the management of the department stores' for the 2022/23 financial year, which generated the highest turnover in its history.
Fashion
Humans still cheaper than AI in vast majority of jobs, MIT finds

Humans still cheaper than AI in vast majority of jobs, MIT finds

Artificial intelligence can’t replace the majority of jobs right now in cost-effective ways, according to the Massachusetts Institute of Technology.
MyTraffic acquires Spanish competitor Geoblink

MyTraffic acquires Spanish competitor Geoblink

MyTraffic, a specialist in traffic analysis for retail outlets, has announced the acquisition of Spanish company Geoblink for an undisclosed sum, to create a "European leader in geospatial intelligence".
Guess unveils Airwash, and mounts The Next 40 Years of Denim

Guess unveils Airwash, and mounts The Next 40 Years of Denim

Guess Jeans returned to Pitti this season with the launch of its new Airwash concept and the unveiling of a giant immersive display The Next 40 Years of Denim.
Fashion
Google faces $1.67 billion damages demand at AI-related patent trial

Google faces $1.67 billion damages demand at AI-related patent trial

Alphabet's Google went before a federal jury in Boston on Tuesday to argue against a computer scientist's claims that it should pay his company $1.