Italian luxury manufacturer Factory placed in receivership
In late March, the company based in Fucecchio, near Florence, sought protection under a preventive concordat, a safeguard procedure similar to French judicial reorganisation, but it did…
Made in Britain- Broken supply lines drive manufacturing back home
For decades, supplier decisions were based largely on price. But the pandemic and mounting geopolitical tensions have undermined the mass outsourcing model, prompting some buyers to build…
Indian gold demand wanes as jewellers expect import tax cut in budget
The lower import tax could boost India’s gold demand and support global prices that are currently trading near their highest in 17 months.The bullion industry has been…
Lee set to source 100% eco-friendly cotton by 2025 under new sustainability goals
The total of four goals include objectives to power 100% of all owned and operated facilities with renewable energy, to use more than 50% sustainable synthetics and…
Major London landlord GPE deepens sustainability strategy
The company, which has been developing a large number of flagship retail properties on London’s Oxford Street and New Bond Street, said that reflecting “the continued evolution…
More than half Chinese consumers shun U.S. goods due to trade war
The poll, conducted by London-based advisory firm Brunswick which surveyed 1,000 Chinese consumers, said 56% of respondents had said they had avoided U.S. products, while 68% said…
Mexico antitrust body probes Walmex ‘monopolistic’ moves, shares slump
Cofece did not name the company under investigation, but a source familiar with the matter said it was Walmart’s Mexico unit, often known simply as Walmex, the country’s…
Mexico protests with Shein for use of Mayan motif
The Mexican government “has sent a protest letter to fashion company Shein, asking it to publicly explain on what authority it is commercialising a collective property on…
Mayhoola donates €1 million to emergency field hospital in Madrid
Ten days ago, Mayhoola also donated €1 million to the Intensive Care Treatment Unit (ICU) at ASST Fatebenefratelli Sacco Hospital in Milan, as well as an equal amount…