Inditex gets green light to sell Russian business
Inditex has been given the go-ahead to sell its Russian arm, according to a report published by The Financial Times. The clothing behemoth will offload its stores in its second-biggest market to UAE-based Daher Group.
JP Morgan must defend itself in court, over Ray Ban dispute says judge
A New York judge has given the go-ahead for a lawsuit bought by EssilorLuxottica against JP Morgan. The Thai division of the maker of Ray Ban sunglasses claims that the bank ignored ‘red flags’ of suspicious activity, according to a report published by Nasdaq, quoting Reuters.
Authentic Brands drops lawsuit against Bolt
Authentic Brands has settled and agreed to dismiss its lawsuit against checkout tech firm Bolt. Both companies plan to continue the partnership offering seamless one-click checkout to ABC’s brands Forever 21 and Lucky Brand.
L Brands settles with Oregon over sexual harassment claims
Oregon’s Attorney General and Treasurer have announced a settlement with L Brands over allegations that the company’s board failed to investigate former CEO Leslie Wexner’s ties with pedophile Jeffrey Epstein and ignored ‘a widespread and pervasive culture of sexual harassment’.
Hong Kong customs seize biggest haul to date of smuggled luxury goods
Hong Kong’s Customs and Excise Department has seized a cache of luxury goods worth some HK$120 million from smugglers, according to a report published by France24.
Chanel loses EU court trademark battle against Huawei
Chanel has lost a trademark battle at the EU General Court of the European Union in Luxembourg against Huawei Technologies over its famous logo.
H&M, Burberry face ire in China over Xinjiang cotton workers’ row
H&M and Burberry are among a number of western brands facing boycotts in China over their stance on the alleged forced labor in Xinjiang, according to a report published by The New York Times.
Asos lumped with £15 million tariffs after Brexit deal
Asos is facing tariff costs of up to £15 million following the UK’s official departure from the European Union at the start of this year, according to a report published by the Evening Standard.
UK Competition and Markets Authority to crack down on greenwashing
The UK Competition and Markets Authority (CMA) is set to turn its attention to the widespread practice of ‘greenwashing’, according to a report published by Bloomberg.
H&M receives fine for employee surveillance in GDPR breach
Fashion and beauty retailer H&M has been fined €35.3m (£32.1m) for GDPR breaches after it was found to have carried out illegal surveillance on several hundred employees.
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