Christmas stock worries mount as port turns away ships
On Wednesday, minister and Conservative party chairman Oliver Dowden called on consumers to “shop normally” for Christmas and said capacity concerns at Felixstowe, the country’s biggest container…
L’Oréal launches investment fund to promote circular innovation
This “impact” fund will be managed by Demeter and Cycle Capital, two asset management firms focused on ‘clean’ technologies, the first based in Paris and the second…
Argentine shoemakers and tailors buckle under 109% inflation
Argentina is battling one of the highest inflation rates in the world, with prices growing faster at any time since 1991, raising the specter of hyperinflation and…
Retailers turn to robots in cost inflation fight
With goods packed more densely up to its roof, the new warehouse, which spans the size of over 15 football fields, reduces the need for extra sites…
Farfetch confirms fur ban from end of year
And last autumn, after the company’s IPO, it emerged that campaign group PETA had bought shares in the firm in order to pressurise the luxury retailer. It…
Richemont highlights sustainable development progress
In February, Richemont introduced for the first time the post of chief sustainability office, appointing Bérangère Ruchat. It then named Jasmine Whitbread as head of the group’s governance…
Lectra takes over data specialist Launchmetrics
The acquisition involves a 50.3% stake in Launchmetrics, for a sum of around 85 million dollars (77.7 million euros), which is based on Launchmetrics’ sales and Ebitda…
Synthetic leather market is growing
The forecast found that PU-based synthetic leather will experience the highest growth in the next ten years. Because PU-based synthetic leathers use less plasticizers and a softer…
The steep price of blue jeans
Let’s imagine your favorite jeans. They started off in a field of cotton — or more likely hundreds of different fields — probably in India, China, the…
Australian shoppers make a comeback in Feb
Wednesday’s data from the Australian Bureau of Statistics (ABS) showed retail sales climbed 0.6 percent in February, beating expectations of a 0.3 percent rise. That followed an…