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EEOC Drops Subpoena Lawsuit Against Nike

Ut World August 17, 2026 0

The U.S. Equal Employment Opportunity Commission (EEOC) has dropped its lawsuit seeking to enforce a subpoena against Nike after the sportswear company handed over a large volume of information requested as part of an investigation into its treatment of white employees and job applicants. U.S. Continue Reading

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Ferretti Family Leads €115 Million Bid to Revive Aeffe

Ut World July 31, 2026 0

The Ferretti family, the current owner of Italian fashion group Aeffe, has announced a binding offer to relaunch the company following a meeting at Italy’s Ministry of Business and Made-in-Italy (MIMIT). The proposal has been submitted in partnership with Invitalia, investment fund Oxy, and a manufacturing partner from China. The deal, valued at approximately €115 Continue Reading

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Nike Tightens Online Sales Strategy in China to Win Back Shoppers

Ut World July 22, 2026 0

Nike is overhauling its online sales strategy in China by directing customers to its official digital channels in an effort to rebuild consumer trust and strengthen its premium brand image amid rising competition from domestic sportswear companies. Starting in January, major retail partners will stop selling Nike products online and instead focus on in-store sales, […]Continue Reading

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EU Slaps AliExpress With €550 Million Fine Over Illegal Products

Ut World July 20, 2026 0

The European Commission has imposed a record €550 million fine on Chinese e-commerce platform AliExpress for failing to prevent the sale of illegal products, including counterfeit clothing, unsafe toys, and hazardous cosmetics. The penalty, issued under the EU’s Digital Services Act (DSA), follows findings that the company did not adequately remove illegal listings Continue Reading

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Chanel Cooperates with Italian Probe into Supply Chain Labour Practices

Ut World July 17, 2026 0

French luxury fashion house Chanel said it is fully cooperating with Italian authorities in an investigation into alleged labour exploitation involving subcontractors in the luxury goods supply chain. The company confirmed it had already moved to sever ties with the subcontractor in question after receiving an alert on May 18, directing its packaging supplier to […]Continue Reading

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Morrisons in Talks for £600 Million Real Estate Financing Deal

Ut World July 13, 2026 0

British supermarket group Morrisons is in discussions with several parties, including US-based Realty Income, over a potential £600 million ($803 million) real estate financing deal, according to a Sky News report citing industry sources. The proposed transaction is not expected to follow a traditional sale-and-leaseback structure but may instead involve financing secured Continue Reading

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Beauty Tech Group Raises FY26 Forecast After Strong First-Half Growth

Ut World July 7, 2026 0

Beauty Tech Group, the London Stock Exchange-listed at-home beauty device company, has upgraded its full-year FY26 guidance after reporting stronger-than-expected trading in the first half of the year. The company said revenue for the January–June period was materially higher than the same period last year, supported by growth across its core business, key markets, and Continue Reading

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Bernard Arnault Ordered to Pay €22.5 Million in Back Taxes, Plans Appeal

Ut World July 6, 2026 0

Bernard Arnault, CEO of luxury conglomerate LVMH and France’s richest person, has been ordered by the Paris Administrative Court of Appeal to pay nearly €22.5 million in back taxes. The ruling requires Arnault and his wife to pay €12.96 million in additional tax assessments related to 2010, including taxes, social contributions, penalties, and interest, along […]Continue Reading

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Swiss Watchmaker Swatch Seeks $170 Million from Samsung in Trademark Dispute

Ut World June 26, 2026 0

Swiss watchmaker Swatch is seeking $170 million in damages from Samsung in a long-running trademark infringement case, alleging that the South Korean technology giant allowed third-party apps to offer digital replicas of its iconic watch designs on Samsung smartwatches. The claim follows a 2022 ruling by the High Court in London, which found Samsung liable […]Continue Reading

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Gens Aurea Plans Milan IPO as Gold Market Booms

Ut World June 22, 2026 0

Italian cash-for-gold trader Gens Aurea announced on Monday that it plans to list on the Milan Stock Exchange, potentially becoming Italy’s first major initial public offering (IPO) in three years. The company, owned by private equity firm DVC Partners, said the offering will consist of a private placement of existing shares. The move comes amid […]Continue Reading