Italy is working to adopt a tax on low-value postal packages from non-European countries, politicians said, as part of measures to protect its fashion industry from low-cost foreign imports mostly from China.
Temu is known for its low priced fashion and lifestyle goods – Shutterstock
The move, aimed at avoiding unfair competition in the market for what is one of Italy’s key industries, targets online platforms such as Shein and Temu among others.
Italy’s ruling parties plan to apply a levy to consignments worth less than 150 euros ($175), broadly in line with a proposal being discussed at European Union level, the politicians said. The measure is expected to be formalised as an amendment to next year’s budget in the coming weeks.
EU customs authorities handled around 4.6 billion low-value packages bought online in 2024, 91% of them coming from China and double the 2023 figure.
On December 16, Louis Vuitton unveiled its five finalists and five final jury members for the second edition of the Louis Vuitton Watch Prize for Independent Creatives, to be awarded at an exclusive celebration ceremony on March 24, 2026.
The five finalists for the Louis Vuitton Watch Prize for Independent Creatives – Louis Vuitton
Watch Prize finalist Daizoh Makihara of Daizoh Makihara Watchcraft Japan’s ‘Beauties of Nature’ wristwatch entry incorporates the delicate, traditional Japanese cut-glass technique ‘Edo Kiriko’ into watchmaking in a world first and his botanical design features an automatic petal mechanism, perpetual moon phase, and 25-jewel movement running at 18,000 vibrations per hour. Independent watchmaker Xinyan Dai of Fam Al Hut’s mechanical, manual-wind wristwatch named ‘Möbius’ presents the most compact bi-axis tourbillon conceived to date, blending tradition and future-facing innovation with over 200 hours of handcraftsmanship.
Victor Monnin and Alexandre Hazemann of Hazemann & Monnin’s ‘School Watch’ entry celebrates the Morteau school of watchmaking with a fully in-house made HM01 calibre, synchronising complex mechanics and precise poetry. Bernhard Lederer of Lederer’s wristwatch ‘CIC 39 mm Racing Green’ presents the first fully functional dual detent escapement in a wristwatch, highlighted by a transparent case back and sanded, matte dial.
Quiet Club’s Norifumi Seki has entered ‘Fading Hours,’ designed to innovate “new mechanics that respond to everyday needs,” according to the watchmaker. Created almost entirely in-house, the watch has a first-of-its-kind alarm with a vertically mounted hammer and minimalist, concealed elements.
‘Beauties of Nature’ by Daizoh Makihara – Louis Vuitton
“Since the launch of the Louis Vuitton Watch Prize, our admiration for the dynamism of independent watchmaking has continued to grow,” said Louis Vuitton’s watch director Jean Arnault in a release. “These artisans create truly audacious timepieces, uniting extraordinary technical mastery with the boldness to challenge convention, and in doing so, they push the very boundaries of what is possible. As we celebrate this year’s finalists, I also want to thank the entire watchmaking community for the enthusiasm and support behind this initiative. I would also like to extend my gratitude to the members of the expert committee.”
After receiving submissions from around the world, Louis Vuitton’s five finalists were chosen from a group of 20 semi-finalists, whose work was evaluated by a Committee of Experts. The 65 watch enthusiasts, industry representatives, and global collectors measured the candidates’ timepieces against the principles of design, creativity, innovation, craftsmanship, and technical complexity to discern the five top entries.
Möbius by Xinyan Dai – Louis Vuitton
Carole Forestier-Kasapi, haute horlogerie and movements strategy director at Tag Heuer will take up the role of president of the Watch Prize’s jury after being nominated by the Committee of Experts. The jury also welcomes journalist Frank Geelen, founder and editor-in-chief of Monochrome Watches; Matthieu Hegi, La Fabrique du temps Louis Vuitton artistic director; watch enthusiast François-Xavier Overstake, founder and editor of Equation du Temps; and Kari Voutilainen, master watchmaker and owner of the Voutilainen workshops.
The winner of the Louis Vuitton Watch Prize for Independent Creatives will receive 150,000 euros and a one-year specially tailored mentorship by experts from La Fabrique du Temps and Louis Vuitton. “The future looks promising, and we’re excited to see what’s next,” said Jean Arnault.
John Galliano‘s former lawyer was given a two-year suspended prison sentence on appeal on Tuesday, identical to the term imposed at first instance, for misappropriating funds from the designer’s bank accounts and those of one of his companies.
John Galliano – DR
The Paris Court of Appeal upheld the June 2023 judgment of the criminal court, which had found Stéphane Zerbib guilty of breach of trust totalling 856,500 euros between 2008 and 2011, and of the use of forged documents.
John Galliano lodged a complaint in April 2011 against his former lawyer, accusing him of misappropriating around three million euros by withdrawing cash or making bank transfers without his knowledge.
The designer had just been dismissed by the House of Dior after hurling antisemitic insults at patrons in a Paris bar in February 2011, and was undergoing treatment for his “addictions” at a rehabilitation clinic in Arizona.
At the hearing, Stéphane Zerbib denied any fraudulent withdrawals from the accounts of his former client and from one of his companies, Cheyenne Freedom.
The Court of Appeal also upheld a one-year suspended prison sentence for Stéphane Zerbib’s wife, Danielle Nahon, a legal adviser who also advised John Galliano at the time, for breach of trust, use of forged documents and unlawfully holding herself out as a lawyer.
The lawyer and his wife were ordered to jointly pay John Galliano 145,000 euros in material damages and 5,000 euros in moral damages, as well as 606,605 euros to the company Cheyenne Freedom.
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The upcoming January edition of Pitti Uomo will mark Swaim Hutson’s debut as head of menswear design at rag & bone, unveiling his first collection for the New York-based brand for the autumn/ winter 2026–27 season.
Swaim Hutson
“rag & bone has always stood for authenticity and innovation,” Hutson commented. “I want to build on these values, creating menswear that is both enduring and immediate, capable of expressing the spirit of New York and engaging with a global audience.”
Hutson brings nearly two decades of experience in international menswear to the role. After founding Obedient Sons in New York- a CFDA/ Vogue Fashion Fund finalist- he held creative director roles at 3.1 Phillip Lim, Club Monaco, and Generra. He later launched The Academy New York, a label that has established itself within the fashion, art, and music communities.
“Swaim brings an innovative vision of creativity and craftsmanship, strengthening the essence of the brand: the elegance of British tailoring combined with the authenticity of American sportswear,” said Andrew Rosen, executive chairman of rag & bone.
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