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Cambodian PM offers tax breaks to factories hit by coronavirus, EU tariff losses

Cambodian PM offers tax breaks to factories hit by coronavirus, EU tariff losses

Cambodia's Prime Minister promised on Monday to give tax breaks to garment factories hit by supply chain disruptions from the coronavirus epidemic and higher tariffs after the EU withdrew trade preferences.
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UAE's Majid Al Futtaim posts modest annual growth, sees better 2020

UAE's Majid Al Futtaim posts modest annual growth, sees better 2020

Dubai-based retail developer Majid Al Futtaim said on Monday its annual EBITDA and revenue edged higher, sharply slowing from the pace of growth seen in 2018, amid challenging conditions in its key Middle East markets.
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Fashion
EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6

EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6

EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s 7.2 billion-euro bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing. 
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Amazon expands physical footprint with bigger cashier-less shop

Amazon expands physical footprint with bigger cashier-less shop

Amazon.com Inc is bringing its cashier-less store technology to a larger stage. 
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Tesco completes China exit with 275 million pound stake sale

Tesco completes China exit with 275 million pound stake sale

Britain’s biggest retailer Tesco has completed its exit from China with the 275 million pound sale of its joint venture stake to state-run partner China Resources Holdings.
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Philipp Plein sparks outrage over botched Kobe Bryant tribute

Philipp Plein sparks outrage over botched Kobe Bryant tribute

The runway set's inclusion of gilded helicopters was interpreted by many as insensitive, considering Bryant's tragic death in a helicopter crash. 
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Revolve sales boosted by Forward business

Revolve sales boosted by Forward business

The online fashion retailer reported a 16% increase in sales in the fourth quarter on Tuesday, as the company's high-end Forward business came into its own, posting particularly strong growth.  
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Wolverine World Wide earnings knocked back by environmental litigation

Wolverine World Wide earnings knocked back by environmental litigation

The footwear company announced a slight increase in its fourth-quarter sales on Tuesday, but plummeted into loss as expenses related to environmental litigation took their toll on the group’s bottom line.
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Coronavirus to hit Vietnam's garment industry hard - association chairman

Coronavirus to hit Vietnam's garment industry hard - association chairman

Vietnamese garment makers will face a severe shortage of materials because the new coronavirus has disrupted their supply chains, the chairman of the Vietnam Textile and Apparel Association said on Tuesday.
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Forever 21 names former H&M executive as CEO

Forever 21 names former H&M executive as CEO

Forever 21's new co-owner Authentic Brands Group said on Tuesday it had appointed former H&M executive Daniel Kulle as the new chief executive officer of the bankrupt apparel retailer.
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Macy's holiday quarter beats Street, investors skeptical on strategy

Macy's holiday quarter beats Street, investors skeptical on strategy

Macy’s Inc holiday-quarter results beat analyst expectations on Tuesday, but investor skepticism around its cost-cutting strategy at a time of intense online competition sent shares down nearly 5%.
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Safilo introduces eco-sustainable eyewear line made with Econyl recycled nylon

Safilo introduces eco-sustainable eyewear line made with Econyl recycled nylon

Italian eyewear producer Safilo has introduced Econyl recycled nylon derived from plastic waste in its collections, via a partnership with pioneering synthetic fibres company Aquafil.
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Podcast: Sidney Toledano on how to control a luxury label’s trajectory

Podcast: Sidney Toledano on how to control a luxury label’s trajectory

An LVMH group stalwart, Sidney Toledano talks about his time at Dior with Hedi Slimane and John Galliano in the latest LuxurynsightXFashionNetwork podcast, also discussing his challenges as CEO of LVMH Fashion Group.
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Mame Kurogouchi opens Paris Fashion Week in the shadow of the coronavirus

Mame Kurogouchi opens Paris Fashion Week in the shadow of the coronavirus

Japanese label Mame, by designer Maiko Kurogouchi, kicked off Paris Fashion Week with a collection that interpreted Japanese manufacturing in a poetic and wearable manner, making for an emotional show.
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Banana Republic celebrates workplace boundary breakers in new campaign

Banana Republic celebrates workplace boundary breakers in new campaign

Grammy-nominated recording artist Saint Sinner and recording artist Goapele are just two of the famous faces fronting Banana Republic's new, work-focused campaign.
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M&S targets bra category growth with new digital tool for fittings

M&S targets bra category growth with new digital tool for fittings

​UK women have been going to M&S for its bra fitting service for many years, and the retailer is now digitising a part of the process to improve the customer experience, support its buying teams and boost market share.
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