TODAY'S MUST READAt fashion’s annual sustainability gathering in Copenhagen, the biggest question was why, after 15 years of discussion, so little has changed and whether a coming tsunami of government regulation can force the industry to evolve its practices.
TODAY'S MUST READAt fashion’s annual sustainability gathering in Copenhagen, the biggest question was why, after 15 years of discussion, so little has changed and whether a coming tsunami of government regulation can force the industry to evolve its practices.
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Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
The funding round was led by Walmart, which last year invested nearly $600 million in the homegrown e-commerce firm that competes with Amazon.com Inc. in India.
The move came after the Australian retail chain Cue announced it had withdrawn its investment in the label.
The joint venture formed by the fashion giant and green industry investor Vargas in March aims to start building two commercial facilities by 2025.
The import tax exemption, officials argue, allows the companies to undercut rivals and avoid customs inspections of their products.
The apparel maker’s shares, which have risen about 16 percent so far this year, were down 4.5 percent in pre-market trade after the company also forecast current-quarter revenue growth below estimates.
The French media and business conglomerate said the sale of Paris Match, which mixes coverage of current affairs with photos of celebrities and royalty, could be completed by the end of September.
Tira is betting on new technology like in-store vending machines to dispense free samples of skincare products.
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