COSTCO SUED (AGAIN!) BUT THIS TIME MICHAEL KORS

image credit: Mario Testino

NEW YORK, UNITES STATES
by REUTERS

 Michael Kors Holdings Ltd  has sued Costco Wholesalers, accusing the company of running a "bait-and-switch" false advertising scheme.According to a complaint filed by Kors, Costco has never been an authorized retailer of Michael Kors handbags, yet it has recently run advertisements implying that the handbags are available "starting at $99."
 

THE FASHION TIMES¦ WEEK IN REVIEW

LONDON, UNITED KINGDOM
by THE FASHION TIMES

TFT brings you the latest from our news feed, the fashion business, and the global business industries just in case you have missed anything.

The Fashion Times recently added a new business focused feature to our to our magazine, MODEL, focusing the modelling business and it emerging talent. We are currently focusing on diversity in modelling as our introduction project and will continue to cover this and like areas of the modelling industry seeing as it is one of the vital organs of the fashion business. Head over there now to see what we have.

U.S. Retailers In Five Year Pact to Improve Conditions in Bangladesh:

"A number of American retailers have agreed to a five year pact to ensure that there is adequate protection of the working conditions and building safety in Bangladesh, BBC News reports..."

U.S. RETAILERS IN FIVE YEAR PACT TO IMPROVE BUILDING CONDITIONS IN BANGLADESH

image credit: demotix.com

UNITED STATES OF AMERICA 
by The Fashion Times

A number of American retailers have agreed to a five year pact to ensure that there is adequate protection of the working conditions and building safety in Bangladesh, BBC News reports. This comes after the Rana Plaza building collapse which left more than 1000 dead and another building fire later in November.

CFDA/ VOGUE FASHION FUND 2013 FINALISTS ANNOUNCED

NEW YORK, UNITED STATES
by The Fashion Times


Wednesday July 10th 2013 marked the announcement of the CVFF finalists at the Rag & Bone studio space. Marcus Wainright and David Neville of Rag & Bone announced the finalists as the newest members of the CVFF selection committee.

CLAIMS OF FRAUD AGAINST WORLD LUXURY ASSOCIATION

image credit: World Luxury Association

LONDON, UNITED KINGDOM
by Shanice Goodridge

Beijing Youth Daily recently reported that the World Luxury Association (WLA) were set to have their licences revoked due to fake registration materials. It was reported that WLA's corporate registration address was located at an building that owners say never contracted with the company in regards to tenancy. Numerous claims like this have surfaced regarding the WLA leading them to be called ''knock offs'' and grow a continually suspicious audience. The head of the Beijing Administration Industry and Commerce is expected to announce the revocation of WLA's licence today [July 6].

For a more comprehensive piece on this story see more at Jing Daily

 

 

 

 

China Tourists to Fuel Taiwan Retail Property Boom, Cushman Says (BLOOMBERG)

''Prime shop rents in Taipei may grow as much as 15 percent in the next two years on expansion by global retailers seeking to tap an increase in mainland Chinese tourists, according to Cushman & Wakefield Inc....''

image credit nipic.com

Click for more at Bloomberg

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THE FASHION TIMES TEAM

CHINESE DEVELOPER ABP TO CREATE THIRD FINANCIAL DISTRICT IN LONDON

 

LONDON, UNITED KINGDOM

by Shanice Goodridge

 

(TFT) Chinese developer Advanced Business Park have signed a deal to develop London, England's Royal Albert Dock in another financial district aimed at Asian and Chinese businesses who are looking to do business in the west. Along with offices spaces the development will also offer luxury retail space, residences and restaurants. No one has signed up to the tenancy as of yet but there are a reported 20 companies in talks with ABP regarding securing a space. The £bn development, predicted for completion in 2023, is also said to bring tens of thousands of jobs in to London and will also boost the economy of the UK. More on this story as it develops

 

image credit HSBC

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THE FASHION TIMES TEAM