By Reuters Published August 4, 2025 Flagship Swiss watchmaker Swatch Group is hopeful that the Swiss government can quickly strike a deal to avert a threatened 39% US import tariff on Swiss goods, while its high inventories in the United States offer it a short-term buffer. Swatch Group CEO Nick Hayek Chief executive Nick Hayek…
By Reuters Published July 28, 2025 European companies were on edge Monday following the announcement of a new trade agreement between the United States and the European Union. This outcome marks the end of prolonged tariff uncertainty but introduces new cost pressures. EU–U.S. trade deal calms markets, but tariff burdens remain – Reuters The trade…
By Bloomberg Published July 27, 2025 Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal. See catwalkLouis Vuitton – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight The pact,…
By Reuters Published July 25, 2025 India’s trade deal with Britain is a sign of New Delhi’s new gradual shift to opening up its markets while shielding crucial sectors from competition and could be its template for future agreements, government officials and analysts said on Friday. Indian PM Narendra Modi and UK PM Keir Starmer…
By Reuters Published July 24, 2025 Luxury bellwether LVMH reported lower than expected quarterly sales on Thursday, with its core fashion and leather division losing further ground as the sector awaits an easing of trade tensions between Europe and the US. LVMH’s brands include Louis Vuitton – LVMH France-based LVMH, which owns over 70 brands…
By AFP Published July 24, 2025 Prime Minister Keir Starmer praised Britain’s “unique bonds” with India as he and his Indian counterpart Narendra Modi formally signed a recently announced UK-India trade deal during talks on Thursday. India and Britain’s trade deal is expected to create both business and employment opportunities – Reuters Starmer hailed the…
M&S may still be impacted by the spring cyberattack that dented its seemingly unstoppable recovery drive, but its ambitions are undimmed and that includes international growth. Now the company is launching its first non-UK fashion deal in a tie-up with Australia’s David Jones. M&S/David Jones Its deal with the upmarket department stores chain is part…
Ellesse is set to make a comeback in the US market with the Italian sports label that’s owned by UK giant Pentland Brands returning in a deal with The Iconic Brand Corporation (TIBC). Ellesse Pentland said that “in a bold move set to reshape the US sportswear landscape”, it has signed an exclusive, long-term licensing…
By Bloomberg Published July 7, 2025 The $2.7 billion acquisition of Neiman Marcus by Saks Fifth Avenue’s owner last year was intended to create a new luxury retail leader. Instead, Saks Global, the name of the combined group, is facing declining sales, payment delays, and increased competition from rivals such as Bloomingdale’s and Nordstrom. A…
Retailers are increasingly diving deep into artificial intelligence and just days after Mango announced its new AI-based Mango Stylist personalisation tool, Debenhams Group had a big announcement of its own. Debenhams CEO Dan Finley As well as renewing its existing deal with Amazon Web Services (AWS) it has extended it with the new multi-year agreement…