According to the yearly report of the Prijzenobservatorium, an institute of the Belgian Ministry of Economy, food is 13 % more expensive in Belgium than in Holland, 9% than in France and 8% than in Germany. Including non-food, shopping trips are 11.7 % (Netherlands), + 8.6 % (Germany) and + 6.5 % (France) cheaper abroad.
Food far more expensive in Belgium than in Holland
Dutch lingerie chain Hunkemöller already opened a Swiss web shop in September 2016 and will now open a chain of physical stores there as well. The first one will open its doors in October.
Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago.
Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.
Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.
German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.
Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon.