French tax on internet giants could yield 500 million euros per year

He said the tax would target some 30 companies, mostly American, but also Chinese, German, Spanish and British, as well as one French firm and several firms with French origins that have been bought by foreign companies.The paper listed Google, Amazon, Facebook and Apple (the four so-called “GAFA” companies) but also Uber, Airbnb, Booking and French online advertising specialist Criteo as targe…

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Garnier goes organic in L’Oreal bid to lift mass market sales

The French beauty firm has been investing like peers in bio-friendly ointments to make headway in a fast-growing niche still dominated by small, specialised companies that got a headstart on larger rivals.But the launch is also part of efforts to revitalise the group’s consumer products division, where growth is slow compared to its thriving luxury brands such as Lancome.

Momentum has fal…

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Asos and Boohoo beat out Zara and H&M with faster production times

In a study conducted by Goldman Sachs, the success of fashion chains is dependent on the time it takes to create a product and get it sold in stores. A shorter timeframe not only allows the companies to better respond to the market and adjust their inventory to trends of the moment, but also lets them produce smaller quantities and reduce their stock. Asos hopes to grown between 30 and 35 perc…

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L’Oréal defeats U.S. woman’s lawsuit over ‘Paris’ product labels

In a decision on Monday, U.S. District Judge Analisa Torres in Manhattan said L’Oreal’s referring to “Paris” and sprinkling French words on packaging would not deceive reasonable consumers about where its shampoo, mascara and other products came from.The plaintiff, Veronica Eshelby, claimed she had not noticed the fine print before learning that the products she bought were manufactured in L’Or…

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Mason Rothschild loses Hermes lawsuit over NFT handbags

The sentence, issued by a jury in a New York federal court, is seen as a landmark case in the hot debate over intellectual property rights and non-fungible tokens.NFTS, which became popular in early 2021, are digital works that cannot be replaced with anything else or modified and are therefore unique.

Each has a digital certificate of authenticity which, in theory at least, cannot be tam…

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Rain and consumer caution dent UK footfall again

Overall, visitor traffic to stores was down 3.2% year-on-year, which was worse than the September drop and trended below the three- and 12-month averages.It’s interesting through that the biggest fall this time wasn’t in shopping centres but on the high street instead. High street footfall dropped 4.9% (much worse than the three-month average decline of 2.8%). 

Shopping centre footfa…

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Sustainable marketplace Kool and Konscious launches in the UK

Founded in Hong Kong in May 2019, Kool and Konscious says it brings together the world’s largest selection of sustainable and ethically sourced fashion products.With 28 designers currently available on the site, new brands are being added every week across womenswear and menswearคำพูดจาก สล็อตpg. I…

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UK consumer spending stays in the doldrums in January – Visa

Visa, whose debit and credit cards are used for a third of payments in Britain, said on Monday that consumers stayed away from the traditional post-Christmas sales last month.Household spending fell by 1.2 percent in January compared with the same month in 2017, with spending in shops down by 4 percent, it said.คำพูดจาก Read more

UK stores struggle to attract shoppers in week after Black Friday

Covering November 25 to December 1, it said that footfall dropped “significantly” from the same week in 2017. And while this wasn’t unexpected after the frenzy of the previous few days, “the magnitude of decline, at -5.5%, was virtually double that of the -3.1% in 2017.”What was particularly worrying was that all three destination types suffered noticeably, with even retail parks, whic…

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