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Judge dismisses 25 million dollar NFT lawsuit against Dolce & Gabbana’s US arm

A New York federal judge has dismissed a lawsuit against Dolce & Gabbana USA Inc. that had accused the retailer of abandoning a non-fungible token (NFT) project and failing to deliver on promised benefits. The case was originally filed in May 2024 by Luke Brown and later amended in September. The plaintiff had claimed that both Dolce & Gabbana...

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EU presents new list of retaliatory tariffs after Trump's letter

Following US President Donald Trump's new tariff announcements, the EU is preparing additional retaliatory tariffs on 72 billion euros worth of imports from the US. This was announced by the relevant EU Commissioner, Maros Sefcovic, after a meeting of trade ministers in Brussels. The preparations for the countermeasures involve a list of...

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UK government introduces new trade measures for developing countries

The UK government has introduced new measures that intend to simplify imports from developing countries. The changes come under the Developing Countries Trading Scheme and, according to a press release, aim to “lower prices on everyday goods while supporting growth in some of the world’s poorest nations”. The measures particularly address...

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Marks & Spencer enters Australia through David Jones partnership

British retailer Marks & Spencer has debuted in Australia via a new partnership with local department store David Jones. The exclusive deal will initially see Marks & Spencer’s core lingerie and sleepwear range, including T-shirt bras, lace styles, shapewear and thermals, introduced to David Jones stores and its online website from July 14. The...

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Next and Frasers said to be in running for Seraphine rescue deal

Following Seraphine’s descent into administration last week, speculation over potential saviours are beginning to swirl. Among them, British retail giants Next and Frasers Group are said to be frontrunners in potential deals to rescue the maternity wear brand. According to sources for Drapers, dubbed “several industry veterans”, the two firms...

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Claire’s eyeing US bankruptcy, reportedly appoints advisors in UK

New reports have emerged speculating on the position in which accessories chain Claire’s finds itself in. In the US, it is believed that the teen-focused retailer is mulling a Chapter 11 filing, while in the UK, advisors are said to have been appointed to oversee a rescue plan. The reports come weeks after rumours surrounding a potential sale of...

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Louis Vuitton confirms UK customer data stolen in cyber attack

LVMH is facing what is now its third cyber attack in a matter of three months. French luxury label Louis Vuitton has confirmed that some UK customer data has been stolen in a hack that took place on July 2. In an email to customers seen by multiple news outlets, including Bloomberg, which first reported the attack, Louis Vuitton said an...

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Trump announces 30 percent tariffs on EU imports

US president Donald Trump intends to impose a 30 percent tariff on imports from the EU from August 1, 2025. The Republican announced this on his platform Truth Social. In a published letter to European Commission president Ursula von der Leyen, Trump threatened further tariff increases in the event of countermeasures. Mexico also received a...

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Kiaasa Retail files for IPO to fund expansion

Ethnic fashion retailer Kiaasa Retail has filed its preliminary papers with BSE's SME platform to raise capital through an Initial Public Offering (IPO), PTI reports. The IPO will consist entirely of a fresh issue of up to 55 lakh equity shares, as announced by the Ghaziabad-based company in a recent statement. The proceeds generated from this...

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Shein slapped with high fines in California, France

Chinese ultra-fast fashion giant Shein needs to have deep pockets these days, given that the global e-commerce company is being slapped with fines in two countries at the moment. Shein just settled a consumer protection lawsuit in the United States, in California’s Napa, Los Angeles, San Francisco and Sonoma counties, and agreed to pay 700,000...

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Four youths arrested for cyberattacks on British retailers

The UK's National Crime Agency (NCA) has arrested four suspects in connection with cyberattacks on well-known British retailers Marks & Spencer (M&S), Co-op and Harrods. The attacks took place in April of this year and caused significant financial disruption to the businesses. The four suspects remain in custody and are being questioned by the...

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Mulberry secures 20 million pound fundraising as full year sales take hit

Mulberry has confirmed a 20 million pound fundraising and Retail Offer as sales for the British accessory brand continued to slip in fiscal year 2025. The company conducted the fundraising by way of subscriptions for 20 million new convertible loan notes of one pound each, backed by its two major shareholders, Chalice Limited and Frasers Group....