The new law comes into effect in January 2025 and prohibits the manufacture, sale or distribution of new textiles and apparel products containing perfluoroalkyl and polyfluoroalkyl substances, or PFAS, a group of chemicals commonly used to make garments waterproof or stain-resistant.

Nike Inc cautioned on Thursday that gross margins would remain under pressure through the year as the world’s largest sportswear maker joined peers in warning of a blow from ramped up discounts and a rapidly strengthening dollar.

The company is trying out the fees in Norway and the UK in coming days, embracing a measure that rivals have turned to as well, chief executive officer Helena Helmersson said.

LVMH said 27,000 of its staff in France would be able to qualify for this bonus, which would range from €1,000-1,500 ($973.50-$1,460).

The beauty retailer announced a new subscription-based membership on Tuesday that allows shoppers to get same-day eligible items (based on delivery address and nearby locations) from Sephora delivered in as little as two hours.

The Chinese ultra-fast-fashion giant said it will reduce supply chain emissions 25 percent by 2030, outlining projects to drive greater energy efficiency and support a transition renewable power among its manufacturers.

Robert Triefus will add the duties to his current role as senior vice president, corporate and brand strategy, and succeeds Nicolas Oudinot.

The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA (Inditex)-owned Zara, and cater to Millennials and Gen-Z.