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EU parliament halts implementation of customs deal with US

The European Parliament has formally suspended the implementation of the customs agreement between the US and the EU. The background to this is the new tariffs announced by US President Donald Trump, according to the chairman of the trade committee, Bernd Lange (SPD). “We want a clear assurance from the United States that they will adhere to the...

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Riachuelo parent company Guararapes ends 2025 with over 100 percent growth

Guararapes (listed on the B3 as RIAA3), the holding company for Riachuelo, Carters, Midway, Casa Riachuelo and Fanlab, announced its 2025 results last Wednesday, February 11. The announcement also included figures from the final quarter of last year. In the fourth quarter of 2025 alone, net profit was 322 million reais (62.6 million dollars)....

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Saks Global obtains approval for one billion dollar financing

Saks Global has secured approval from a Texas bankruptcy court for a one billion dollar financing to support its reorganisation plan. The decision was determined by Judge Alfredo Perez during a hearing held in Houston. The news comes after Saks was able to resolve objections brought forth by luxury brands and business partners that expressed...

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Mondottica appoints local agents to drive Off-White and Palm Angels in Spain and Portugal

The international Mondottica Group has appointed Xavi Fusté, CEO of VÜM Glasses, and his team as strategic partners for the distribution of the Off-White and Palm Angels eyewear collections in Spain and Portugal. The partnership establishes a selective distribution through independent opticians that combine fashion, design and technical...

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Fresh start with 36 stores: Pepco Germany ends insolvency proceedings

Last summer, the German subsidiary of retailer Pepco NV filed for insolvency. Following a comprehensive restructuring that included significant cuts to its store network, the discounter is now set for a fresh start in the country. The self-administered insolvency proceedings for Pepco Germany GmbH, which began on October 1, will end on February...

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Stocks diverge, dollar down over Trump tariffs uncertainty

Global equities traded mixed and the dollar fell slightly Monday as uncertainty over Donald Trump's tariffs gripped markets after the US Supreme Court struck down a large part of the president's upending trade policy. The court on Friday ruled that Trump does not have the authority to impose tariffs under a 1977 law he has relied on to impose...

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How US trade organisations responded to the Supreme Court’s decision on tariffs

On Friday, the US Supreme Court overruled Donald Trump’s tariffs, determining that the president had wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to impose levies. The region’s trade organisations swiftly responded to the ruling, largely expressing support for the court’s decision, many grateful for the stability...

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Trump's tariff defeat, new tariffs: EU assesses consequences

Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...

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JD Sports Fashion to repurchase 200 million pounds of shares

JD Sports Fashion PLC said on Monday that it plans to return 200 million pounds of capital to shareholders through share buybacks in fiscal 2027. Under the first tranche, the share repurchase drive will commence immediately to repurchase up to 100 million pounds of shares. This repurchase is expected to be completed before July 31. Thereafter,...

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Dispute over tariffs: defeat for Trump before Supreme Court

US president Donald Trump has suffered a defeat before the Supreme Court in the dispute over his aggressive tariff policy. The US Supreme Court ruled that Trump exceeded his authority when he invoked an emergency law to impose extensive tariffs on many trading partners, including the European Union. This article was translated to English using...

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From words to measurable impact: OECD due diligence forum urges transition

The main sessions of the 2026 OECD Forum on Due Diligence in the Garment and Footwear Sector, which took place on 11 and 12 February, centred on the urgent transition from a culture of compliance to one of tangible impact, specifically focusing on how global brands must navigate an increasingly volatile geopolitical landscape. In his opening...

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Opportunities for Italian luxury grow in India

The Indian market has room for Italian products, spanning from mechanics and luxury to cars and food, including wine and oil. “This is the new frontier for 'Made in Italy',” senator Adolfo Urso, minister for business and 'Made in Italy' (Mimit), emphasised yesterday. He was visiting the Italian pavilion at the AI Impact Summit in New Delhi,...