Latest Articles in Business

Nike ordered to pay legal fees in trademark dispute with Lontex Corp

A Pennsylvania judge has reinforced a prior ruling requiring Nike to pay attorneys' fees to Lontex Corp following its defeat in a trademark infringement case over the "Cool Compression" mark. The case, originally filed in 2018, has been drawn out by Nike’s appeals, but the Eastern District Court’s ruling ultimately found that Nike knowingly...

Business

Deforestation compliance: TrustRace launches EUDR solution

TrusTrace, the platform for supply chain traceability and compliance, has partnered with leading brands, the Forest Stewardship Council (FSC) and OpenAtlas, solution provider for remote sensing and deforestation monitoring, to create a validated solution for shipment-level compliance, tailored to real-world scenarios. The Deforestation...

Business

Levi's signs Pakistan Accord

Levi Strauss & Co. has signed a legal agreement to ensure the safety of garment workers in Pakistan, the Clean Clothes Campaign (CCC) said. The American denim brand is the 129th signatory to the Pakistan accord. The Pakistan Accord, which will come into effect in 2023, is a legally binding agreement between fashion brands and trade unions. The...

Business

‘A circular economy for the textile industry offers opportunities, but also needs action’

A recent report looks at the chances and challenges of a circular textile industry in the Netherlands, thus providing interesting input for other countries as well. The report titled ‘Towards a Dutch Circular Textile Industry’ was published by Invest-NL, an investment company that finances sustainable and innovative projects. While a circular...

Business

DHL expects another parcel boom at Christmas

The parcel service provider DHL is expecting huge shipment volumes during the Christmas season again this year. "On the busiest days, we expect to transport just over 11 million parcels in our network," said Nikola Hagleitner, member of the board of the German postal and parcel business of the DHL Group, to the newspapers of the Funke Media...

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Visit to the sustainable Lyocell factory of fiber manufacturer Altri in Portugal

On the outskirts of Porto, in the Portuguese town of Vila Nova de Famalicão, the Centre for Nanotechnology and Engineering Materials (CENTI) and the Textile Technology Centre of Portugal (CITEVE) are located side by side. These centres work together to promote Portuguese textiles as a benchmark for a new sustainable and circular European textile...

Business

Amnesty says migrant workers exploited at Carrefour Saudi stores

Rights group Amnesty International published Monday a report that accused the Saudi Arabian franchise of French supermarket giant Carrefour of exploiting migrant workers. Carrefour told AFP that an internal probe had not confirmed most allegations but was planning on conducting an external review. Amnesty said it found migrant workers for...

Business

EssilorLuxottica records marginal increase in Q3 revenues

EssilorLuxottica's revenue for the third quarter reached 6.4 billion euros, an increase of 4 percent at constant exchange and 2.3 percent at current exchange rates. In the first nine months of 2024, revenue amounted to 19.7 billion euros, up 4.9 percent or 3 percent at current exchange rates, backed by positive growth across all channels and...

BusinessFeatured

Uncle Sam is coming for Temu – and whistleblowers may be, too

Are you a business owner? Do you shop online for products for your business? Then like hundreds of millions of others, you’ve been blasted with ads from Temu, an e-commerce giant with roots in China, hawking products at prices you can’t believe. Need to source some beauty and health products for resale? Looking for plain T-shirts to screenprint...

Business

France's richest family, Red Bull in exclusive talks for Paris FC takeover

Paris - The Arnault family, owners of the LVMH luxury goods conglomerate, are in "exclusive negotiations" to buy a controlling stake in French football club Paris FC in a deal that will see energy drinks giant Red Bull secure a minority shareholding. The Agache group, which is controlled by LVMH CEO Bernard Arnault, said in a statement that it...

Business

Swiss watch exports to China plunge 50 percent in September

Zurich - Swiss watch exports suffered their steepest fall this year in September, pulled down by a 50-percent plunge in sales to China, the industry's federation said Thursday. It marks the latest sign of weakening demand in the world's second-largest economy, which has hit Europe's luxury sector. Sales to Hong Kong also fell 34.6 percent during...

BusinessFeatured

Levi Strauss & Co. publishes inaugural climate transition plan, aims to be net zero by 2050

Denim and lifestyle brand Levi Strauss & Co. (LS&Co.) has published its inaugural climate transition plan, which includes a roadmap for the company to reach both its near-term greenhouse gas (GHG) emissions reduction target by 2030 and its goal of being a Net Zero emissions company by 2050. Following in the footsteps of the H&M Group and...