By Bloomberg Published July 4, 2025 President Donald Trump’s two-tiered trade deal with Vietnam aims squarely at practices China has long used to skirt US tariffs: The widespread legal shifting of production to Southeast Asian factories and the murkier and illegal “origin washing” of exports through their ports. Bloomberg The agreement slaps a 20% tariff…
By AFP Published July 4, 2025 The first Grasse Perfume Week opened on Thursday to showcase Grasse’s expertise and the wide diversity of contemporary perfume creation. Mairie de Grasse Until Saturday, conferences, exhibitions, installations, workshops and tours will take place in and around the center of Grasse. Organized by Nez, an olfactory cultural movement created…
Luxury U.S. fashion brand Alexander Wang has appointed Robert Rizzolo to the role of global brand president. Alexander Wang A luxury veteran, Rizzolo joins the New York-based company from fellow New Yorker, Marc Jacobs, where he served as chief merchandising officer, leaving the role last month, after four years. Prior to that, he was divisional vice…
Giorgio Armani and Kith have returned with a second collaboration paying homage to the term “estate”, in a melange of Italian elegance and modern New York sophistication. Giorgio Armani X Kith collection – Courtesy The term “estate” was chosen by the Italian-New York duo for its double entendre; meaning “property” in English, and “summer” in Italian,…
Translated by Nazia BIBI KEENOO Published July 4, 2025 Paris-based children’s fashion label Bonton will celebrate its 25th anniversary with a high-profile runway show at the Palais de Tokyo on Wednesday, September 17, 2025. Known for its playful aesthetic and concept-store spirit, Bonton will spotlight iconic archive pieces and welcome artists and collaborators who have…
Translated by Nazia BIBI KEENOO Published July 4, 2025 The French government has sent a clear signal to the ultra-fast fashion sector. On July 3, Trade Minister Véronique Louwagie announced that Shein had been fined €40 million for deceptive business practices. Speaking at the annual event hosted by Alliance du Commerce—an organization representing 16,000 stores…
By AFP Translated by Nazia BIBI KEENOO Published July 3, 2025 France’s consumer protection authority has fined fast-fashion giant Shein €40 million ($47.17 million) for deceptive commercial practices, including misleading promotional pricing and exaggerated environmental claims. The penalty follows a months-long investigation by the Directorate-General for Competition, Consumer Affairs and Fraud Control (DGCCRF), under France’s…
By Bloomberg Published July 3, 2025 Banks are scaling back their exposure to Altofare Group as the luxury supply chain player faces mounting financial pressure amid a broader slowdown in the high-end fashion market. The Italian firm has entered talks with creditors in response to tightening conditions. White Bridge–owned Altofare faces debt scrutiny as banks…
By Bloomberg Published July 3, 2025 Luxury powerhouse LVMH is at the forefront of quiet corporate diplomacy as the European Union scrambles to respond to looming US tariff threats. With a July deadline approaching, the group is among several major firms pushing for a softer stance in high-level trade talks. LVMH blunts EU’s fight against…
Translated by Nicola Mira Published July 3, 2025 Colour and confidence are back in men’s fashion for Spring/Summer 2026. Although the global economic and geopolitical situation is deteriorating by the day, designers broadcast an optimistic message on the Florence, Milan and Paris runways. Vibrant colours are back, bringing a welcome breath of fresh air. A…
