The British economy could be in line for a “painful inflation spiral”, the Bank of England’s chief economist Huw Pill has warned. He points to a shortage of workers and businesses’ willingness to pass on higher costs.
Nike beat estimates for quarterly revenue on Monday, as strong demand for its athletic apparel and sneakers in Europe helped the company counter lower sales in China following pandemic-related lockdowns in the country.
Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the retailer closed its stores on Monday, hampered by supply constraints.
While Paris hosted the men’s fashion week, the Tranoï show was held on June 23-26 at the Palais de Tokyo in the city, with some 40 established and emerging labels showcasing their menswear collections.
On Saturday evening, the French designer fêted her label’s sixth anniversary by celebrating upcycled fashion with a major Olympics-style show held in a stadium in Vanves, near Paris, followed by a party.
After arriving in the US at a young age as a refugee, Mohamed Malim has gone on to found a fashion label called Epimonia that's shattering negative stereotypes about refugees while supporting them in various ways.
Businessman Leonardo del Vecchio, who has died aged 87, created the glasses company that owns brands including Ray-Ban and used his billions to become one of the most influential figures in Italian finance.