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Armani Group company in receivership over labour exploitation probe
An Italian court on Friday placed under judicial administration a company owned by Italian fashion group Armani for indirectly subcontracting its production to Chinese companies that exploited workers.
Fashion
Amazon speeds up palm recognition payment
At a time when Amazon is quietly winding down its experiment in checkout-free supermarkets, the American group is stepping up its offer to enable retailers to charge via palm recognition.
Kanye West accused of racism and anti-Semitism by ex-employee
Controversial rapper Kanye West repeatedly yelled at black employees and praised Adolf Hitler as an "innovator", according to a new lawsuit filed in California on Tuesday.
Decathlon unveils official kit for Paris Olympics volunteers
The Paris 2024 organisers brought together 20,000 event volunteers on Saturday March 23 at La Défense Arena. The occasion for Decathlon to present the 15-item official kit the volunteers will wear at the Olympics.
Fashion
Karl Lagerfeld's Paris flat sold for €10 million
The couturier's Paris flat, a futuristic 260-square-metre, three-bedroom with a 50-square-metre dressing room, sold for ten million euros at auction in Paris, according to the notary firm in charge of the sale.
Luxury
Japan: Private sector grants highest wage rise since 2013
The average wage increase offered this year by 231 Japanese companies to their employees is the highest since 2013, said Japan's largest trade union on Thursday.
Arnault gets highest French honor in ceremony attended by Musk
Bernard Arnault received France’s highest civilian honor from President Emmanuel Macron at a ceremony on Wednesday evening that included VIPs such as Elon Musk and pop stars Beyoncé and Jay-Z.
China glimpses “favourable” economic trend despite hurdles
On Wednesday, the top policy-makers in charge of China’s economy expressed confidence that the Asian giant will recover this year, despite headwinds that continue to hamper its growth.
Where are the women? Company management, a masculine bastion that still holds out
Women are still stumbling on the bottom step. Despite the increased presence of women on boards of directors, the corporate world is still largely run by men.
Luxury hotels owned by French businessman Michel Ohayon exit receivership
The Bordeaux trade court has approved the recovery plan for the three luxury hotels owned by businessman Michel Ohayon, despite opposition from their main creditor.
Fashion
Elon Musk loses world’s richest person title to Jeff Bezos
For the first time in more than nine months, Elon Musk is no longer the world’s richest person.
US designer, 'geriatric starlet' Iris Apfel dies age 102
Iris Apfel, centenarian style icon from the New York borough of Queens immediately recognizable by her oversized owlish glasses, has died at age 102, according to her Instagram account.
Burton of London brand name bought by French businessman Nessim Haddouk
Nessim Haddouk, co-founder of Phone Recycle Solution and a supplier of apparel and assorted goods to mass-market retailers, has bought the brand name Burton of London with a view to relaunch it after liquidation.
Fashion
Recycled fibre specialist Renewcell, in which H&M is a shareholder, has filed for bankruptcy
Working with major fashion groups, including H&M, the Swedish company which produced yarn from used clothing has announced its bankruptcy due to a lack of funding.
Fashion
Cambodia’s textiles/apparel exports to the West drop in 2023
Cambodia, the sixth-largest apparel supplier to the USA and the EU, recorded a 13.3% drop in textiles-apparel exports in 2023, while the number of its textiles factories reached 2,000.
Fashion
Shein tempts London with the prospect of biggest-ever listing
A multi-billion dollar listing by fast fashion label Shein could become London’s biggest ever IPO, although analysts are wary that the plan, revealed by Bloomberg News, may never come to fruition.
Fashion