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28.07.26 - 06:06
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LVMH′s fashion and leather division reports 1% organic growth in second quarter (SCMP)
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Louis Vuitton Moët Hennessy (LVMH) reported a 1 per cent organic growth in the second quarter at its core fashion and leather goods division on Monday, ending seven straight quarters of decline, opening a busy week of French luxury results on a positive note.
Over the first half, organic sales at the fashion and leather goods division fell 1 per cent, an improvement on the 3 per cent decline in the second half of 2025 and the 7 per cent drop in the first, with the group noting a “rapid......
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27.07.26 - 12:00
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India gets a lower US tariff; here′s why textile exporters are still worried (Times of India)
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India's textile sector faces US market pressure despite a 10% tariff rate. Competitors received tariff-rate quota exemptions which India missed out on. This absence weakens India's overall competitiveness against rival nations. However, India remains a relative beneficiary of the revised US tariff framework. Future investigations could expose India to additional tariffs, necessitating trade deal negotiations....
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27.07.26 - 05:06
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Fast-fashion giant Shein swings to US$99m first-quarter loss ahead of Hong Kong listing (SCMP)
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E-commerce giant Shein swung back to losses in the first quarter of 2026 as rising Western tariffs squeezed margins, according to its Hong Kong listing prospectus on Sunday.
The Singapore-headquartered fast-fashion retailer, founded in China, recorded a US$99 million loss in the three months to March, reversing a US$395 million profit a year earlier. Net revenue edged up 1.1 per cent to US$9.05 billion in the same period.
For full-year 2025, Shein's net revenue rose nearly 8 per cent to US$41.85......
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27.07.26 - 01:00
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Burberry sales jump: Are luxury goods back in fashion in China amid tech wealth? (SCMP)
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Luxury brands including Burberry and Cartier posted robust sales growth in China in the latest quarter until late June, and analysts believe the uptick might be due to the country's strong asset market, leading to improved consumer sentiment.
British luxury brand Burberry saw 5 per cent year-on-year sales growth to £455 million (US$606 million) in the first quarter of fiscal 2027 ending June 27, led by continued strength in the Americas and Greater China, the company said in its quarterly......
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26.07.26 - 09:18
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Am I a chicken-shop lefty? Here′s what a French fast food row taught me about politics | Coco Khan (The Guardian)
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Feathers are flying over the halal chicken chain Master Poulet opening a branch in gentrified Saint-Ouen-sur-Seine – it's an issue of wealth and class we know only too wellHow do you like your progressive politics? Are you net-zero left or anti-identity politics left? A “legalising drugs” kind of radical or someone whose public sector solidarity includes police? Nato or Nat-no? The reputation for infighting in lefty spaces – where policy disagreements harden into personal tests of morality – needs neither introduction nor encouragement.But reading about the left-on-left battle at Master Poulet, a French chicken chain that just opened its first UK branch, I found myself mulling a question that felt more than a little personal: am I chicken shop left? Continue reading......
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