All articles by Staff Writer
Staff Writer
EU Cracks Down on Greenwashing and Misleading Environmental Claims
Parliament has granted final approval to a directive aimed at enhancing product labelling standards and prohibiting the use of deceptive environmental assertions. The directive, which garnered 593 votes in favour, 21 against, and 14 abstentions, is designed to safeguard consumers from deceptive marketing practices and empower them to make more informed purchasing decisions. The EU has expanded its list of proscribed commercial practices to address problematic marketing behaviours such as greenwashing and the premature obsolescence of products.
Ambiente exhibitors offer solutions for the international contract business
Frankfurt am Main, January 2024. Ambiente will once again be the global meeting place for contract business from 26 to 30 January 2024. From hospitality to office, trade buyers can look forward to many renowned specialised exhibitors – these are marked with the Special Interest Contract Business. The contract business guide on display at the exhibition centre as well as the online exhibitor search provide additional orientation and point the way to suitable business partners.
Stahl takes next step in strategic journey with refreshed visual brand identity
Stahl, the world leader in speciality coatings and treatments for flexible substrates, proudly announces the launch of its new visual brand identity, marking an important step in Stahl’s strategic journey.
Saint Laurent Unveils Cutting-Edge Leather Goods Atelier in Tuscany
Saint Laurent, under the ownership of the luxury conglomerate Kering, has inaugurated a significant leather goods atelier in Tuscany. The renowned fashion label has established a sprawling 28,700 square-meter workshop in Scandicci, located on the outskirts of Florence. This state-of-the-art facility is dedicated to the production of prototypes for Saint Laurent’s leather accessories, crafting product samples, and fulfilling special orders and bespoke requests for its primary clientele.
Interhides Expands Footprint in Leather Industry through Strategic Asset Purchase Agreement with Wolverine World Wide
Interhides Public Company Limited recently announced that it entered into an Asset Purchase Agreement with Wolverine World Wide. Simultaneously, Interhides will undergo the transfer of its Business Unit in the Leather division. The primary objective behind this strategic move is to enhance business potential and fortify its position in the production and distribution of leather for the shoe industry. The transaction is anticipated to conclude by January 2024.
CoupangElevates Global Retail Dominance with Strategic Acquisition of Farfetch Holding
Coupang, Inc., a prominent global retailer, recently unveiled its strategic acquisition plan for the business and assets of Farfetch Holdings plc, a top-tier online luxury company. With this move, Coupang is poised to emerge as a frontrunner in the expansive $400 billion global personal luxury goods segment.
American Outdoor Brands Appoints James Tayon to Chief Product Officer
James Tayon has been appointed as the Chief Product Officer at American Outdoor Brands (AOB). In this role, he will continue to spearhead the strategic product direction for the company, overseeing areas such as product innovation, design, development, and marketing. His promotion comes after serving as the Vice President of Marketing and Product Development since February 2021.
LVMH Unveils Impressive Environmental Milestones at UNESCO Event
On Thursday, December 14, at UNESCO, a significant event unfolded with the presence of notable figures such as Christophe Béchu, the French Minister for Ecological Transition and Cohesion of the Territories, Virginijus Sinkevičius, the European Commissioner for the Environment, Oceans, and Fisheries, as well as Bernard Arnault, Chairman and CEO of LVMH, and Antoine Arnault, Head of Image & Environment at LVMH. This gathering brought together over 500 leaders from LVMH, along with partners and other stakeholders, to unveil the initial outcomes of the LIFE 360 program (LVMH Initiatives For the Environment), launched in 2021 and approaching its 2023 deadline.
Lanvin Group Undergoes Leadership Transition
The board of the Lanvin Group recently made a announcement regarding changes in its leadership. Joann Cheng, the founding Chairman and Chief Executive Officer, communicated her decision to step down from her positions in order to pursue new ventures outside the group. Consequently, the board has appointed Mr. Huang Zhen as the new Chairman and Mr. Eric Chan as the CEO of the group, with their appointments becoming effective as of December 7th.
Pecca Group Achieves Fifth Consecutive Quarter of Profit Records
Pecca Group, a leading supplier of leather for the automotive and aviation industries, has reported an impressive 55.8% increase in net profit for its first quarter ending September 30. The net profit soared to RM13.01 million (US$2.78 million), a significant rise from RM8.35 million (US$1.79 million) in the corresponding quarter of the previous financial year.