Alphabet Inc unit Google was fined 1.49 billion euros ($1.7 billion) on Wednesday, its third large European Union antitrust penalty in two years marking the company’s decade-long regulatory battle in Europe.
According to ThredUp’s 2019 Resale Report, the secondhand apparel market has been growing 21 times faster than retail apparel over the last three years and is on track to be larger than fast fashion by 2028.
The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus (5.3 billion pounds) accounting fraud at the South African retailer, he said on Thursday.
Chinese consumers may be switching more of their luxury spend to the domestic market at the moment, but some of their fellow Asia-Pacific consumers proved key to luxe spending in Europe’s major retail cities in Q4.
Garment factory workers in Bangladesh filed a record number of complaints about safety - 662 - last year, showing that a mechanism set up by European fashion brands to improve working conditions was proving effective.
Amazon's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials approved a proposed financial package worth an estimated $51 million amid a small but vocal opposition.
At the organisation's latest conference in the Kenyan capital, the United Nations announced its aim to help lead change in the global fashion industry with the creation of the Alliance for Sustainable Fashion.