Can Luxury Fashion Ever Regain Its Luster?

The industry is trying to reach customers amid a severe global recession that has brought mass layoffs and plunging sales. Traditional fashion weeks might be out of step. By Elizabeth Paton This is usually a busy month for the luxury

Ralph Lauren to cut thousands of jobs and beef up online business

FILE PHOTO: A security guard stands outside the Ralph Lauren store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, California, U.S., July 30, 2020. REUTERS/Mario Anzuoni(Reuters) – Luxury apparel maker Ralph Lauren Corp will cut 15% of

Climate change? U.S. oil giants are doubling down on fossil fuels.

European energy companies like BP, Royal Dutch Shell and others have lately been selling off oil fields and investing billions in renewable energy, a response to plunging oil prices and growing concerns about climate changes. But the American oil giants

Trump: With TikTok Deal, ByteDance Is Out or Deal Is Dead

When it comes to the changing calculus in the TikTok deal with Oracle and Walmart, one thing remains clear: Confusion reigns. Statements made by ByteDance, TikTok’s current owner, indicated that the deal would lead to the formation of a new

Indexes drop more than 1% as tech sell-off continues

(Reuters) – Major U.S. stock indexes were down more than 1% in afternoon trading as technology shares sold off again and investors kept worrying about rising coronavirus cases.FILE PHOTO: Health care workers walk with protective face masks on past the

M&S to cut 7,000 jobs over next three months

Marks & Spencer is cutting 7,000 jobs over the next three months across its stores and management. It said the coronavirus pandemic had made it clear there had been a “material shift in trade”. In-store sales of clothing and home

Xinjiang’s Cotton Ban Debated in House Hearing

Many have heeded the battle cry against forced labor — but the battle plan still needs to be agreed on. When a subcommittee of the House Ways and Means Committee convened virtually on Thursday to look at how the U.S.