Connect with us

Fashion

EU to impose counter tariffs on $28 billion in US goods

Published

on


By

Reuters

Published



March 12, 2025

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.

Reuters

U.S. President Donald Trump‘s increased tariffs of 25% on all steel and aluminium imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired.

The European Commission said it will end the current suspension of tariffs on U.S. products on April 1 and will also put forward a new package of countermeasures on U.S. goods by mid-April.

The suspended tariffs apply to products ranging from boats to bourbon to motorbikes, and the EU said it would now start a two-week consultation to pick other product categories.

The new measures will target around 18 billion euros in goods, with the overall objective to ensure that the total value of the EU measures corresponds to the increased value of trade impacted by the new U.S. tariffs, the EU said.

The proposed target products include industrial and agricultural products, such as steel and aluminium, textiles, home appliances, plastics, poultry, beef, eggs, dairy, sugar and vegetables.

“Our countermeasures will be introduced in two steps. Starting with 1 April and fully in place as of 13 April,” Ursula von der Leyen, the president of the European Commission, said in a statement.
“We are ready to engage in meaningful dialogue. I have entrusted Trade Commissioner Maros Sefcovic to resume his talks to explore better solutions with the U.S.,” von der Leyen added.
 

© Thomson Reuters 2025 All rights reserved.



Source link

Continue Reading

Fashion

Bio-materials start-up Sequinova works with Stella McCartney on sustainable sequins

Published

on


All that glisters in fashion can also be sustainable. Sequinova, the London-based biomaterials startup, unveiled its “revolutionary” plant-based sequins at Stela McCartney’s Autumn/Winter 2025 Paris Fashion Week runway show.

Stella McCartney A/W25

And the collaboration marks “the world’s first commercial use of plant-based sequins… offering a sustainable alternative to fossil-derived plastics, without compromising on performance or shine”.

Sequinova’s sequins, which debuted on two of McCartney’s hand-embroidered mini dresses, will be commercially available later this year, the first time that customers will be able to purchase bio-based sequin garments.

Its flagship sequins are derived from sustainably-sourced wood and utilise a green chemical process. And by combining plant-based ingredients with bioengineered microorganism pigments, Sequinova is also developing high-performance, bio-based colours optimised to replace fossil-derived colourants.

Citing a global sequin market that’s expected to be valued at almost $17 billion and expected to nearly double over the next decade, Sequinova says it’s a major contributor to microplastic pollution, with the fashion industry responsible for 35% of the world’s microplastics . 

So Sequinova’s innovation “provides a much-needed solution to this pressing environmental and global health issue”, it says.

Clare Lichfield, co-founder of the firm, added: “Stella McCartney is a true pioneer and is the leading industry reference on next-generation materials. Our partnership with her makes commercial plant-based sequin garments a reality and marks the beginning of a revolution in the replacement of petroleum-derived plastic sequins, which cause such destruction to our environment.”

A spokesperson for the Stella McCartney brand added: “These sequins are beautiful and radiant, aligned with our vision of never compromising desirability nor sustainability. Having been a PVC-free brand since 2010, this colaboration brings us one step closer to collections that do not harm our community, fellow creatures and Mother Earth.”

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Clergerie placed in liquidation as going concern

Published

on


Translated by

Nicola Mira

Published



March 12, 2025

After going in receivership on December 4 2024, French footwear brand Clergerie was placed in liquidation as a going concern on Tuesday March 11 by the trade court of Romans-sur-Isère in France, local newspaper Le Dauphiné Libéré has reported.

Clergerie

The judicial liquidation procedure allows Clergerie to continue trading until April 25, and relates to SSB, Clergerie’s production company operating the brand’s factory in Romans. The factory still employs 31 workers, of whom 29 have been put in short-term unemployment, wrote Le Dauphiné Libéré. Clergerie operates a second company, JHJ, which looks after the products’ commercialisation via the retail and wholesale channels, and online. JHJ’s 15 employees are for the time being continuing their activity.

Potential Clergerie buyers have until March 18 to submit their bid, with the next hearing scheduled for April 2. According to the local press, a dozen expressions of interests have been registered.

Le Dauphiné Libéré wrote that Clergerie’s third company, which owns the trademark, has not yet been put into liquidation. 

Two years ago, Clergerie was bought by US group Titan Footwear following commercial court proceedings in Paris, having filed for receivership in March 2023. However, Joe Ouaknine, businessman and owner of Titan Footwear, hasn’t been able to revive Clergerie.

The brand was founded in 1981 by Robert Clergerie, and is one of the last bastions of French footwear production. It benefits from a long-standing industrial heritage, since Romans-sur-Isère has been a shoe manufacturing hub since the end of the 19th century. A few other iconic footwear brands hail from the same area, like Stéphane Kélian – owned by the Royer group and about to be relaunched – and Charles Jourdan, also owned by Royer but currently dormant.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Arket will be latest big name to open on King’s Road this summer

Published

on


In the same week that Arket announced plans to debut in Ireland with its first physical store there, the brand said it would open another London store this summer.

The company will open a flagship on the King’s Road in Chelsea, joining a recent stream of openings there such as BasicNet’s K-Way label, Birkenstock (which opens on Friday this week), Penelope Chilvers, and KayaNuka. And Arket’s H&M Group stablemate, H&M, also opened on the popular shopping thoroughfare a year ago.

The Arket flagship will be the brand’s fourth store in London following previous openings on Regent Street, Covent Garden, and at Selfridges, which was the label’s very first in-store concession.

Arket MD Pernilla Wohlfahrt said London “holds a special place in our hearts after opening our very first Arket store on Regent Street in 2017. We look forward to deepening our relationship with our local customers and inviting them to explore our curated, modern-day market offering”.

As mentioned, the news comes as the brand prepares to enter Ireland and not long after it announced that it’s also to open physically in Greece for the first time this year with a debut in Athens.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Trending

Copyright © Miami Select.