The revenue of top fashion multinationals plummeted by 21.8% in the first nine months of 2020 because of the pandemic, according to a study published on Wednesday by Italian investment bank Mediobanca.
Indian retailers on Wednesday urged the government to ban the local operations of Amazon, after Reuters reported the online giant has for years given preferential treatment to a group of sellers on its India platform.
Scottish retail was given a boost Wednesday with news it won’t pay business rates through to next year. The measures, which also cover the hospitality and leisure industries, will last until April 2022.
There may have been lots of news stories about interruptions to trade because of Brexit, but it seems that consumers in key European markets are still buying from Britain, data from eShopWorld (ESW) shows.
French luxury goods group Kering is looking at possible mergers and acquisitions seriously, but M&A is not indispensable for its future growth, Chairman and Chief Executive Francois-Henri Pinault said on Wednesday.