Management

EU toughens safety rules on Chinese fashion retailer Shein

The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs. The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union. From the end...

loading...

Management

SMCP targets returning to growth by 2026

SMCP, parent company of the Sandro, Maje and Claudie Pierlot and Fursac brands, reported first quarter sales at 287 million euros, down 5 percent on an organic basis. The company continued to optimise its store network with 11 net closings during the quarter, mainly in Asia to reach 1,719 points of sales worldwide. The company will close 100...

loading...

Management

Hermès records strong Q1 growth

The Hermès Group’s consolidated revenue amounted to 3,805 million euros in the first quarter of 2024, up 17 percent at constant exchange and 13 percent at current exchange, driven by strong growth in all geographical areas. In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an...

loading...

Fairs |Report

Kingpins Amsterdam through the eyes of three denim buyers

International denim sourcing fair Kingpins is a regular fixture for many denim professionals. So too for buyers from Butcher of Blue, Kuyichi and Jeans Centre. What are their reasons for visiting the Amsterdam edition, what sort of things do they hope to find at Kingpins and what have they already spotted at the fair? For all three buyers we...

loading...

More News