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EU Slaps Temu With €200 Million Fine Over Illegal Product Sales

Ut World May 28, 2026 0

Chinese online retailer Temu has been fined €200 million ($232 million) by European Union regulators for failing to adequately prevent the sale of illegal products on its platform. The penalty marks the second major enforcement action under the EU’s Digital Services Act (DSA), following a Continue Reading

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Galderma Q1 Sales Surge 25.5% as US Demand Drives Growth

Ut World April 23, 2026 0

Swiss skincare company Galderma reported a strong start to the year, with first-quarter sales rising 25.5% in constant-currency terms to $1.47 billion. The Zug-based firm was buoyed by robust demand in the United States, where sales jumped 41.5% year-on-year between January and March. Popular brands such as Cetaphil and Restylane contributed significantly to the growth, Continue Reading

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Klarna Reports 75% Surge in Resale Usage as Consumers Turn to Asset-Based Spending

Ut World April 22, 2026 0

Klarna has reported a significant rise in the use of its in-app resale feature, with activity growing by more than 75% over the past year. The company noted a sharp increase in listings created through its platform over the last 13 months, highlighting a shift in consumer behaviour as more users seek to earn money […]Continue Reading

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Independent Fashion Retailers Drive Growth, Gain Dominant Market Share

Ut World April 16, 2026 0

Independent fashion retailers are emerging as a powerful force in the global fashion ecosystem, with their share of total transaction volume rising from 49% to 62% over the past five years, according to data from JOOR. Reflecting this surge, 51% of independent brands reported year-on-year growth within the independent channel—significantly outperforming multi-brand Continue Reading

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France Court Rejects Government Bid to Suspend Shein Marketplace

Ut World March 19, 2026 0

A Paris Court of Appeal on Thursday rejected the French government’s attempt to suspend Chinese online platform Shein’s marketplace, upholding an earlier ruling delivered in December. The initial decision had dismissed the request to block the platform in France for three months, stating that such a move would be “disproportionate.” The government had subsequently appealed Continue Reading

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UK Businesses Warn Removal of Low-Value Import Duty Relief Could Raise Prices

Ut World March 10, 2026 0

The British Chambers of Commerce (BCC), representing more than 50,000 businesses across the UK, has warned that the removal of tariff exemptions for low-value imports could lead to higher prices and reduced trade for small businesses. The BCC said that scrapping the current ‘de minimis’ exemption — which allows imported goods worth up to £135 […]Continue Reading