Fashion news and fashion jobs

Hermès reports profit dip despite sales increase in first half

Luxury group Hermès announced on Wednesday a 5 percent decrease in net profit for the first half of the year to 2.2 billion euros. This was impacted by the exceptional contribution of businesses. However, its sales increased by 7.1 percent to eight billion euros. Excluding the exceptional contribution, "net profit attributable to the group...

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China deploys its financial arsenal to green its industry

When one thinks of China, one rarely imagines a leader in the green economy. However, while Europe retains a certain lead in ecological transition, Beijing fully intends to reverse the trend. The government is investing massively in low-carbon projects. It is prioritising financing sectors deemed useful for the transition. It is now deploying an...

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Luxury group Kering continues to tumble in first half, profit and sales plunge

Kering group, still weighed down by the difficulties of its flagship brand Gucci, announced on Tuesday a 46 percent plunge in its half-year net profit. This fell below 500 million euros. The new chief executive officer, Luca de Meo, is due to take office in mid-September to attempt to turn things around. Kering’s turnover, owner of Yves Saint...

Fashion |Opinion

Made in Italy under scrutiny: A call for transparency and credibility

"Made in Italy" has recently come under intense scrutiny, not only due to tariffs that continue to penalise many sectors despite recent trade agreements, but primarily because of persistent issues surrounding illegal labor exploitation. Companies are also grappling with significant difficulties in effectively monitoring their entire supply...