China is preparing a substantial fine for Tencent as part of its sweeping antitrust clampdown on internet giants, but it is likely to be less than the $2.75 billion penalty imposed on Alibaba earlier this month.
Singapore-based specialist in the digitisation of retail brands, Trax has announced that it has raised funds totalling €539 million ($640 million) which it will use to develop its services for retailers.
The Italian label too has introduced the role of director in charge of diversity, equity and inclusion. Based in North America, the position has been entrusted to Malika Savell, formerly with French luxury group LVMH.
Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of "forced labour" in factories across China supplying 83 global brands, an Australian think tank said in a report released on Sunday.
Outlet malls are continuing to show their resilience across Europe as consumers flock to them and they attract top quality tenants. And London Designer Outlet has announced that Puma will open a 2,365 sq ft store there.