Paris prosecutors sought prison terms Friday for the leaders of a ring accused of making and selling fake handbags from iconic French luxury house Hermes, including some former employees. The network, which targeted Asian tourists in Paris but also clients in Hong Kong in 2013 and 2014, was uncovered […]

Amazon has announced the launch of a new counterfeit crimes unit in its latest bid to combat counterfeit products on its website. The US retail giant said it has created a global, multi-disciplinary team comprising former federal prosecutors, experienced investigators, and data analysts to “work to […]

Payments innovator Clearpay has announced that, after completing its first year on the market, its purchasing service is now being used by over one million active UK shoppers. The Afterpay Limited Group-owned company additionally reported that customer purchasing frequency in the UK is outpacing that […]

Intu has announced that talks with lenders have failed, meaning the British shopping centre operator is expected to appoint administrators. The company had been in crunch talks with key stakeholders to reach a standstill agreement on terms of up to 18 months ahead of the revolving credit facility covenant […]

Access to instant information means that today’s tech-savvy consumer can effectively buy whatever they want, whenever they want. To remain competitive, retailers are having to work harder to guarantee immediate product availability and richer customer experience; whether in-store or online. Such challenges […]

Boohoo has announced a new 150 million pound management incentive plan as it continues its rapid growth. The scheme is intended “to motivate key members of the management team to continue to achieve exceptional levels of performance across the group and deliver further returns for its shareholders”. […]

The CBI's Ready to Trade project, developed in cooperation with ITC, supports various fashion labels from Eastern Europe. In addition to women's fashion and children's clothing, three successful wedding dress designers from Moldova and Belarus are also participating in the project. These companies […]

Sosandar PLC has appointed Stephen Dilks as Finance Director. The company said in a statement that Dilks will take over from James Bowling, head of finance, who has decided to step down to pursue other opportunities. The board expects that Dilks will be appointed to the board once he has settled into […]

Net sales at Hennes & Mauritz AB (H&M) decreased by 50 percent to 28,664 million Swedish krona (3,070.5 million dollars) in the second quarter. Also in local currencies, net sales decreased by 50 percent. Net sales in the six-month period decreased by 23 percent to 83,612 million Swedish krona […]

The company said on Friday its H1 net loss dropped. Compared with the same period last year, revenues also decreased by 22.9 percent. For H1, the company's net profit was -3,063 million dollars, slipped from 5,372 million dollars last year. Revenues decreased to 83,612 million dollars. The profit margin […]

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