For Kering, a Swiss follow-up to the Italian tax investigation

On January 25, the Kering group issued a first statement on the matter. It indicated that the Italian investigation concluded that the amount of tax involved was estimated at about €1.4 billion. In mid-February, François-Henri Pinault, speaking at the presentation of the group’s annual results, said that “the investigation is over, its findings have been communicatedคำพูดจาก สล็อตเว็บตรง. Now comes the phase in which we will be presenting our own arguments. We have some arguments to put forward.” Pinault is notably relying on the fact that Gucci “has an operational structure which has been in place since the end of the 1990s.”The Italian investigation followed a…

Cotton prices to increase until 2021-22

Cotton prices, as measured by the Cotlook A index, averaged 78 cents a pound this season, on an August-to-July basis. Abares forecast this price to average 80.4 cents a pound in 2017-18, and gradually rising to 88.0 cents a pound in 2021-22.This also implies that the cotton price is likely to fall in the short-term as the Cotlook A index currently stands at around 87 cents a pound.

The demand for cotton will keep on rising despite favourable returns to growersคำพูดจาก สล็อตเว็บตรง. Global cotton consumption will, after a 7 per cent jump next season, rise by 2.4 per cent a year, spurred by “an expected rise in demand for clothing and textiles in Europe, the US, …

LVMH seeks 25,000 young staff in recruitment drive

The European luxury sector has seen a fast pace of growth in recent months, as stores reopened following lockdown periods and consumers drew on money saved during periods of confinement to splash out on pricey goods.LVMH has more than recovered business lost to pandemic disruptions. In July, it reported first half sales grew 11 percent on an organic basis compared to the same period in 2019, before the crisis hit, fuelled by demand for clothing and accessories from its star fashion labels Louis Vuitton and Dior.

The company’s focus on recruiting younger staff comes as it seeks to bolster the popularity of its brands with younger consumers, weaving streetwear styles like cargo pants and sneakers into its luxury fashion collections.The hiring target for the upcoming year marks an …

Liu Jo sues Kendall Jenner over alleged breach of modelling contract

The complaint, lodged late on Monday in US District Court in Manhattan, states that Jenner only took part in the first of two planned photoshoots but never turned up for the second one, which had originally been due to take place in March 2020 but was delayed because of the coronavirus pandemic.Liu Jo is seeking at least $1.8 million in damages, according to the complaint.คำพูดจาก สล็อตเว็บตรง

Liu Jo, which the complaint says has already paid $1.35 million to Jenner for services covered by the 2019 contract, said it tried to reschedule the second photoshoot multiple times but obtained no response from Jennerคำพูดจาก

Post-Brexit, India to seek PTA with Britain

“Garment export from India to European countries attracts 9.6 per cent duty, making our shipments uncompetitive in comparison with Bangladesh, Vietnam, Myanmar and Cambodiaคำพูดจาก สล็อตเว็บตรง. These countries have signed PTAs under which they export garments to the entire EU at nil duty. This is the right time to step up our efforts with the United Kingdom for a PTA. The ministry is looking into it,” Textiles Secretary Rashmi Verma told reporters in Mumbai.India’s textile export was estimated at $38 billion in 2015-16, a fourth to Europe. The UK imported $2.5 billion, a fourth of the EU consignmentsคำพูดจาก

Rihanna sues dad to keep hands off her Fenty trademark

The “Diamonds” singer, whose full name is Robyn Rihanna Fenty, filed a lawsuit in U.S. federal court in Los Angeles on Tuesday accusing Ronald Fenty and two business partners of fraud and false advertising over his Fenty Entertainment talent and production company.Barbados-born Rihanna, who uses the Fenty trademark to sell cosmetics, lingerie and sneakers, asked the court for an injunction to stop her father using the Fenty name, and an unspecified amount of damages.

The lawsuit said Rihanna had “absolutely no affiliation” with Fenty Entertainment and yet the company was misappropriating her name and misrepresenting itself as being affiliated with her.In one instance, Fenty Entertainment accepted a 2017 offer by a third party for Rihanna to perform 15 shows in Latin Americ…

Sustainable Clothing Action Plan 2020 shows that fashion still has a way to go on its journey to eco-consciousness

New data from Sustainable Clothing Action Plan 2020 (SCAP 2020) reveals that, while the UK fashion industry has made strides in becoming more sustainable in some areas, clothing waste remains a sticking point. According to the Textiles Market Situation Report from the campaigning group Waste and Resources Action Programme (WRAP) — which is behind the SCAP 2020 initiative — increasing numbers of clothing items are simply being binned once discarded, making them more likely to end up either incarcerated or in landfill.SCAP 2020 has been signed by more than 90 organizations across the UK clothing industry, including Boohoo, Mint Velvet and Urban Outfitters. Using 2012 as a baseline, the initiative has seen a water reduction of more than 18% among signatories, who have also slashed carbon…

Burberry acquires Italian technical outerwear business from supplier

The two have worked together for almost 20 years to produce ready-to-wear, including quilts and downs at Pattern’s product development site in Turin.  And now, Burberry said it has secured capacity, can build technical outerwear capability and further embed sustainability into its value chain. คำพูดจาก เว็บปั่นสล็อต

All of the electricity Pattern uses at its sites is from renewable sources, and the company is on track to achieve carbon neutrality at its Turin site in 2023The deal will “complement Burberry’s historic manufacturing centres in Yorkshire, UK, where it will continue to weave gabardine and make the British luxury brand’s iconic heritage tr…

Turkish clothes makers see orders shifting from coronavirus-hit China

An outbreak of the newly-identified coronavirus has killed 637 people in mainland China, where it is believed to have started, prompting many factories to suspend operations until next week or later as authorities try to contain its spread.Polish fashion retailer LPP has said it is in talks with factories in Turkey, Bangladesh and Vietnam as a backup plan if Chinese production delays continue.

Turkish manufacturers have in recent years shifted their clothing production up-market as China’s dominance grew globallyคำพูดจาก สล็อต เว็บตรง. But the outbreak has sent some European companies back to Turkey, the officials said.”Purchasing managers and designers ca…

Tapestry joins Black in Fashion Council Active Allyship Pledge

As a member of the pledge, Tapestry will commit to securing the advancement of Black individuals in the fashion and beauty industry. Over the next three years, Tapestry will work with BIFC executive board members, who will provide the company with feedback, insight and counsel, Tapestry said in a press release. “We are proud to partner with the Black in Fashion Council and join them in their mission to ensure that Black individuals are represented and amplified in our industry,” said Joanne Crevoiserat, chief executive officer of Tapestry, Inc. 

“We have committed to expanding diversity in our Tapestry and brand leadership teams. Working with the Council will help us to build upon the progress that we have made in achieving these goals.”To promote the partnership, Tapest…