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Hyve cancels 2020's Shoptalk, plans digital meetup

Hyve cancels 2020's Shoptalk, plans digital meetup

Hyve Group, which runs the Pure London and Moda trade shows, among many other events, gave an update about rescheduled shows on Friday, as well as those that are continuing to run on their scheduled dates.
Fashion
Europe threatens digital taxes without global deal, after U.S. quits talks

Europe threatens digital taxes without global deal, after U.S. quits talks

France said a U.S. decision to quit global talks on how to tax big digital firms such as Amazon and Google was a "provocation" and the European Union said it could impose taxes even if no deal was reached by year-end.
Others
TikTok owner ByteDance first-quarter revenue soared to around $5.6 billion - sources

TikTok owner ByteDance first-quarter revenue soared to around $5.6 billion - sources

Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan (£4.4 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.
Others
Main Ikea retailer starts returning government aid received to cover wages

Main Ikea retailer starts returning government aid received to cover wages

Ingka Group, the owner of most Ikea stores, said on Tuesday it has started repaying aid in Serbia and will also repay aid in Belgium, Croatia, the Czech Republic, Ireland, Portugal, Spain and the United States.
Lifestyle
EU antitrust regulators set July 20 deadline for Google, Fitbit deal

EU antitrust regulators set July 20 deadline for Google, Fitbit deal

EU antitrust regulators will decide by July 20 whether to clear Google's $2.1 billion bid for fitness trackers company Fitbit , a deal that has prompted concerns from consumer groups and privacy advocates.
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China's economy may grow 3% in 2020, government researcher says

China's economy may grow 3% in 2020, government researcher says

China's economy may grow 3% this year as the government ramps up policy support, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences, a top government think tank.
Others
U.S. economy starts long recovery as retail sales post record jump

U.S. economy starts long recovery as retail sales post record jump

U.S. retail sales increased by the most on record in May as businesses reopened, but clothing store sales still remained about 63% below their February level.
Others
Cartier reveals names of laureates in its Women’s Initiative; announces reopening of Foundation

Cartier reveals names of laureates in its Women’s Initiative; announces reopening of Foundation

The famed French jeweler has revealed the names of the seven finalists in this year’s Cartier Women’s Initiative; and announced the reopening of the Cartier Foundation for tomorrow, Tuesday June 16.
Fashion
Hammerson names ex-Landsec CEO its new chairman

Hammerson names ex-Landsec CEO its new chairman

Bullring owner Hammerson has announced the name of its new non-executive chairman. It's Robert Noel, the former Landsec CEO, who will replace the outgoing David Tyler.
Others
Could UK follow Germany with VAT cut to tempt shoppers back to stores?

Could UK follow Germany with VAT cut to tempt shoppers back to stores?

As UK shopping locations reopen on Monday, there have been suggestions that the government could introduce a temporary cut in VAT in order to encourage shoppers back into stores.
Fashion
Gucci and CFDA reveal Gucci North America Changemakers x CFDA Scholars by Design Award winners

Gucci and CFDA reveal Gucci North America Changemakers x CFDA Scholars by Design Award winners

The award will provide the two rising college freshmen with up to four years of scholarship support at $20,000 per year, and will provide mentorship from the CFDA and Gucci.
Luxury
London’s first Digital Fashion Week opens with poetry, politics and Nicholas Daley

London’s first Digital Fashion Week opens with poetry, politics and Nicholas Daley

London Fashion Week debuted its first ever fully digital season Friday morning, and from the opening moment it referenced the world outside fashion – from the pandemic to protests ignited by the murder of George Floyd.
Fashion
PayPal pledges over $500 million to support minority-owned U.S. businesses

PayPal pledges over $500 million to support minority-owned U.S. businesses

PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice.
Fashion
Google and WWF Sweden unveil fashion sustainability platform

Google and WWF Sweden unveil fashion sustainability platform

Building on the work of two previously debuted tools, Google and WWF's new platform will use a variety of data types to help the fashion world make more responsible sourcing decisions when choosing raw materials. 
Fashion
As the lockdown lifts, Ischia confirms festival for this summer

As the lockdown lifts, Ischia confirms festival for this summer

The Cannes Film Festival may have been cancelled, except for a virtual presentation for jury members, but the western Mediterranean’s next most important meeting of cinema, art and fashion will be happening this year.
Luxury
Thailand proposes to tax foreign internet companies

Thailand proposes to tax foreign internet companies

Thailand on Tuesday approved a draft bill requiring foreign digital service providers to pay a value-added tax, becoming the latest country in Southeast Asia to seek to boost tax revenues from global tech companies.
Others