US Treasury Secretary Steven Mnuchin is urging countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation, according to a letter released Wednesday.
The U.S. threat of tariffs on French goods from handbags to Champagne proved just a glancing blow to giants like LVMH and Kering this week, as investors refused to give up their decade-long love affair with luxury goods.
Facebook Inc's Instagram said it will require birthdates from all new users starting on Wednesday, expanding the audience for ads age-restricted products, while offering new safety measures for younger users.
The owner of Donna Karan and DKNY announced a 5.2% increase in sales for the third quarter on Wednesday, a lower than expected increase, which combined with the company’s lowered full-year guidance, sent shares tumbling.
As luxury giants continue to snap up the world’s top brands, could the latest move be Kering preparing to buy Moncler? It could be if news reports are to be believed, although neither company has commented.
Philip day’s Edinburgh Woollen Mill Group has reported higher profits and expansion in its luxury ops. The multi-brand group made net profit of £23.4m in its latest period with operating margins up to 10.25% from 8.27%.
Swedish-American actor Joel Kinnaman is set to front Björn Borg’s 2020 campaigns as part of a long-term collaboration geared towards highlighting the benefits of working out. His first campaign will launch in January.
On October 12-13 2020, London will host Clean Beauty In London, a show described as a reflection on ‘clean’ cosmetics, focusing on environmentally friendly products that make no use of controversial substances.
The EU would prefer talks with the U.S. to discuss Washington's threat of tariffs on French luxury goods, but is ready to take action if that fails, the head of the European Commission said on Wednesday.