The paper meal voucher will continue to exist in Belgium, after a vote in the Senate meant there was no majority for its dismissal. Trade organisations had tried to end the time-consuming paper vouchers in favour of a net increase of the wages or an electronic voucher, but it seems the Senate buckled under pressure from voucher issuing companies.
Paper meal voucher will continue to exist in Belgium
French luxury group Kering experienced a strong first quarter, with a 36.5 % turnover increase. Mainly Gucci took full advantage of a 90’s revival vibe among young consumers: the luxury brand is “hot” among teens and its turnover reflected that, with a 48.7 % boost.
Five years after the Rana Plaza clothing factories in Bangladesh collapsed, several governments have created measures to force manufacturers to have more sustainable production, but the labour conditions have not improved for everyone.
Spanish fashion group Grupo Cortefiel is changing its name to Tendam, with the intention of creating a new corporate identity for its five brands: Cortefiel, Women’s Secret, Pedro del Hierro, Fifty Factory and Springfield.
H&M subsidiary Monki will collaborate with ‘influencers’: the fashion label will launch a global program for social media figures, who can earn money if they sell clothing.
French fashion chain Naf Naf, part of the Vivarte group, has a new owner. A chinese group, led by fashion group La Chapelle, paid 52 million euro to acquire it.
British fashion retailer French Connection, known for its FCUK quote, has sold its Toast subsidiary to Danish clothing group Bestseller, which also owns brands like Vero Moda and Jack & Jones.