Alibaba executive warns trade war pain will be felt globally
Joe Tsai, Alibaba’s executive vice chairman, accused the United States of starting the trade war over “an unfounded fear” that China’s rise threatened the national security of…
BFC raised £2m to support hundreds of fashion designers in 2018
The organisation founded in 1983 has been increasing its fundraising efforts to support more emerging designers and fashion businesses through various initiatives, including BFC Education Foundation, NEWGEN,…
Gift card sales continue to rise in UK, despite weak consumer environment
Produced by accountancy and business advisory firm BDO, the report shows an “overall promising picture” with year-on-year growth of 10.73%.Gift card sales rose across retail, experiential and…
French fashion flags its economic importance
It said annual sales generated by fashion-related businesses based in France totaled 150 billion euros ($170 billion), compared with 102 billion for aerospace and 39 billion euros…
Global roadmap takes step toward solving digital tax conundrum
The Organisation for Economic Cooperation and Development (OECD) said on Friday it will put the outline work program to finance ministers of the Group of 20 economic…
Hong Kong retail rents fall sharply in Q3 – consultancy
High street retail rents fell by 10.5% in the July-Sept quarter compared to the previous quarter, CBRE said, the sharpest quarterly decline since the first quarter of…
India’s apparel exports may touch $20bn in FY17
The package is aimed at creating one crore new jobs over a three-year period and attract $11 billion new investments, and increase garment exports to $30 billion.“India’s…
Korean company develops new fabric to replace duck feathers
According to a report in Pulse, a Korean business website, Toray Chemical Korea’s micro-scale hollow fibre is made by combining two types of polyester polymers and has…
Diamonds forecast to regain pre-pandemic sparkle in 2022-2024
Demand recovery will diverge depending on lockdown policies, government support, and the extent to which retailers manage to shift sales online, said the report by consulting group…
Burberry to make masks and gowns, helps fund vaccine research
The British fashion house said the plan will help meet the most immediate medical and community needs, while supporting the development of a long-term solution to the…