News@Nine FRIDAY 2ND DECEMBER 2016
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DKNY Confirms Departure of CEO and Creative Directors


2 December | 12:24 AM | Business of Fashion | News

DKNY has confirmed the departure of its chief executive Caroline Brown, and of its creative directors Maxwell Osborne and Dao-Yi Chow, who will leave the company before the end of year. The company announced the three departures at the closing of its sale to American manufacturing and licensing company G-III Apparel Group on December 1. In July, LVMH agreed to sell Donna Karan International to G-III Apparel Group for an enterprise value of $650 million, an unexpected move by the French luxury conglomerate, which rarely sells its brands.

Donna Karan




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Retailers are racking up big gains on online marketplaces over the holidays


Sellers say they are faring particularly well on the marketplaces of Amazon and Wal-Mart so far this holiday season. In addition to prepping their own e-commerce sites for the holiday shopping rush, many retailers also readied for a sales bump on products they sell on online marketplaces. For many, that preparation is paying off.

Lidl

Lidl keeps up UK investment push with 70 million pound depot


Discount supermarket Lidl plans to spend 70 million pounds building a new distribution centre in Britain next year, it said on Friday, showing its appetite for investment has not been diminished by the Brexit vote. German-owned Lidl, which has won market share from bigger rivals Tesco, Sainsbury's Asda and Morrisons, but seen its rate of sales growth slow this year, said the new 58,400 square metre depot in Doncaster, northern England, would create 500 jobs.

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Asos accused of underpaying new warehouse staff


The online fashion retailer Asos has been accused of breaching “the spirit if not the letter” of employment law designed to prevent the exploitation of low-paid temporary workers. Contract documents obtained by the Guardian show new temporary Asos warehouse workers have been receiving lower wages than colleagues for three months longer than regulations suggest is permitted. The policy could have potentially saved the retailer thousands of pounds in pay.


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The Estée Lauder Companies opens Christmas gifting store


The Estée Lauder Companies pop-up beauty gifting shop opened today on the ground floor of its London headquarters in Fitzrovia. The store is said to provide customers with a relaxed and engaging place to shop for beauty gifts with brands including Clinique, La Mer, Estée Lauder, Aveda, Origins, Smashbox, Bumble & bumble, Glamglow, Darphin and Lab Series.

EU

EU proposes simplifying VAT rules to boost online trade


The European Commission proposed simplifying value-added sales tax (VAT) requirements for online retailers on Thursday, the final piece in a series of measures to boost Internet commerce across the European Union. The Commision has already published plans to make parcel deliveries more affordable, protect consumers when they buy online and to limit "geo-blocking", the practice of barring consumers in one country from buying from a provider in another.

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Russian shoppers seeking luxury are back in Europe


Europe's luxury houses have seen an increase in Russian shoppers with offers of easier tax free spending and favourable exchange rates. This is the first growth in over three years, according to Global Blue's October transactions data, which show on average a +10 percent spend increase across most of their favourite European TFS destinations where 99 percent of the Russian tax-free spend is captured.


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