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Tag: Europe News

The future of retail amid Covid-19

People wearing face masks walk past a sale sign on Oxford Street in London, England. NurPhoto The coronavirus pandemic is likely to change how and what consumers buy, forcing the retail industry to quickly innovate in a race that’s likely to squeeze smaller brands. Retailers were already under pressure prior to the pandemic, struggling to …

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French luxury stocks drop as Trump threatens heavy new tariffs

Matthew Lloyd | Getty Images Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. …

French luxury stocks drop as Trump threatens heavy new tariffsRead More

French lawmakers hope to ban Black Friday due to environmental impact

“Youth for climate” activists demonstrate against the Black Friday in the Quatre Temps mall at La Defense business district, West of Paris, on November 29, 2019. PHILIPPE LOPEZ | AFP | Getty Images Black Friday sales contribute to waste and overconsumption, a group of French lawmakers have said, arguing that the annual retail extravaganza should …

French lawmakers hope to ban Black Friday due to environmental impactRead More

LVMH confirms deal to acquire Tiffany for $16 billion

A woman walks past a Tiffany & Co. store at a shopping mall in Beijing, November, 2018. Mark Schiefelbein | AP LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers. Confirming …

LVMH confirms deal to acquire Tiffany for $16 billionRead More

European markets mixed amid US-China trade developments

European markets opened mixed on Tuesday as investors await updates on a potential U.S.-China trade deal and monitor economic developments. The pan-European Stoxx 600 hovered fractionally below the flatline in early trade, with basic resources stocks jumping out to 1% gains while utilities fell 0.9% to lead losses. Asian shares rose during Tuesday’s session, following …

European markets mixed amid US-China trade developmentsRead More

Britain’s biggest grocer wants to get rid of a billion plastic pieces

Tolga Akmen | AFP | Getty Images Major U.K. grocery chain Tesco announced plans to remove 1 billion pieces of plastic from its own-brand products in its U.K. stores by the end of 2020. The firm said Friday it would be making several changes to get rid of plastic. It will remove plastic trays used …

Britain’s biggest grocer wants to get rid of a billion plastic piecesRead More

Impossible Foods seeks European approval of its plant-based burgers

Impossible Foods filed an application in the European Union that hints it is looking to make inroads in that market and expand outside the U.S. and Asia. The maker of plant-based burgers, known for its Impossible Burger, filed a request to gain authorization for the use of soy leghemoglobin in the EU, according to public …

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Adidas and Nike supply tactics abuse market dominance

An Adidas Store is shown at the Galleria Mall in Houston. Earl Gibson III | WireImage | Getty Images The sales and supply strategies of big sports brands such as Adidas and Nike should face government investigations, U.K. retail giant Sports Direct claimed. In a statement on Monday, the British firm accused global sports apparel …

Adidas and Nike supply tactics abuse market dominanceRead More