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
The Italian police raided Gucci’s offices in Milan and Florence, looking for evidence of tax avoidance. The fashion label admitted there was an investigation and that it is fully cooperating.
Surfing brand Quiksilver tabled a 150 million dollar (125 million euro) bid for its competitor, Billabong. It may be the latter’s only way out, with compounding losses in the past few years.
Luciano Benetton, founder of the Italian fashion chain, will take back control at the age of 82. He wants to return his company to its former glory: “The decay is unbearable”, he announced in the La Repubblica paper.
Pop culture, fashion and luxury: they have gone hand in hand for ages, but their bond seems stronger than ever now. Why is Delvaux selling Game of Thrones handbags and how is Kim Kardashian helping the worldwide demand for luxury brands?
Eurazeo, which owns fashion brands like Desigual and Moncler, appointed a new CEO. Starting 19 March 2018, Virginie Morgon will succeed Patrick Sayer. She has been part of the company’s board for ten years.
German Brax will take control of ten of its eighteen Belgian stores next year. Starting in 1995, the German clothing chain left management in the hands of fashion distributor ARW Retail.