Sporting goods maker Adidas has launched the sale of its Reebok brand in an auction which risks being affected by a political row over possible forced labour in China's western Xinjiang region, three sources said.
A study held in five European countries has assessed the CO2 emissions of physical and digital retail, notably in the fashion sector, showing that physical retail is on average 2.3 times more polluting than e-tail.
Zegna has partnered with automotive giant Stellantis in an ambitious plan to transform its entire fleet into green cars by 2025. Stellantis brands include Fiat, Alfa Romeo, Peugeot, Citroën and Maserati.
U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group.
Chinese e-commerce giant Alibaba Group Holding has frozen pay raises for senior executives in 2021, and is instead giving junior staff bigger pay rises, sources said, in an effort to retain its main workforce.
Galeria Karstadt Kaufhof director Miguel Müllenbach has planned numerous discount campaigns for when lockdown regulations ease. Germany’s last department store chain may require additional aid from the state.
Alarm bells are continuing to ring over the future of Britain’s retail industry. Despite a positive return for non-essential retail in England, Wales and Scotland so far, more store closures are due in the months ahead.