Exports dropped 3.8 percent by value in February to 2.15 billion Swiss francs ($2.4 billion) from a year earlier, the Federation of the Swiss Watch Industry said Tuesday.
TODAY'S MUST READFrance is pressing ahead with a ‘game-changing’ bill that would impose a ‘sin tax’-style penalty on fast-fashion products as high as €10 per item by 2030.
- Last week, France’s National Assembly unanimously passed a bill that would impose steep penalties on the sale of fast-fashion products based on their environmental impact.
- The bill still needs to move through the French Senate, but if it passes, brands could face a fee of up €10 per item on products that qualify as most environmentally damaging, threatening fast fashion’s business model.
- The move reflects growing regulatory scrutiny of fashion’s climate impact, as well as the way in which surging imports from companies like China’s Shein have drawn the sector into increasingly nationalist and protectionist policy debates.
TODAY'S MUST READFrance is pressing ahead with a ‘game-changing’ bill that would impose a ‘sin tax’-style penalty on fast-fashion products as high as €10 per item by 2030.
- Last week, France’s National Assembly unanimously passed a bill that would impose steep penalties on the sale of fast-fashion products based on their environmental impact.
- The bill still needs to move through the French Senate, but if it passes, brands could face a fee of up €10 per item on products that qualify as most environmentally damaging, threatening fast fashion’s business model.
- The move reflects growing regulatory scrutiny of fashion’s climate impact, as well as the way in which surging imports from companies like China’s Shein have drawn the sector into increasingly nationalist and protectionist policy debates.
Actress and singer Selena Gomez has hired advisers to weigh offers for her cosmetics company, Rare Beauty, according to people familiar with the matter.
Dermatologist-founded skincare brands are often found at luxury retailers with price points to match. But the newest one to hit the market is geared toward the TikTok set.
Gap is set to launch a collection with cult London streetwear label Palace.
Di Felice, creative director of Parisian fashion house Courrèges since 2020, will guest design Jean Paul Gaultier’s next haute couture show.
The peer-to-peer marketplace will now offer the more convenient option of selling pre-owned luxury clothing on sellers’ behalf.
The launch is a key milestone in the streetwear juggernaut’s global expansion plan following an early foray into the country via a shop-in-shop at Dover Street Market’s Beijing outpost in 2022.
A proposed class action case against Sephora over its “Clean at Sephora” badge has been dismissed by a New York district court judge.