Connect with us

Fashion

Italy plans levy on extra-EU parcels, higher taxes on financial transactions

Published

on


By

Reuters

Published



December 12, 2025

High-tax Italy plans to apply a levy on shipments from non-EU countries worth up to 150 euros ($176.31) and intends to double its tax on financial transactions, as Rome seeks ways to fund costly budget amendments, official documents have shown.

Reuters

The contribution on low-value postal packages, ⁠set at 2 euros for each shipment, is expected to garner 122.5 million euros next ⁠year and 245 million in both 2027 and 2028, according to parliamentary documents seen by Reuters.

With this move, which is in line with ‍a proposal ‌being discussed at European Union level, Italy targets online platforms ⁠such as Shein ‌and Temu and aims to protect its fashion ‌industry from low-cost foreign imports mostly from China.

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, latest data shows.

The government also intends to increase Italy’s tax weighing on the transfer of shares and ‌other financial ⁠instruments ​to 0.4% from a current 0.2%, in a ⁠move ​that should yield an additional 337 million euros from next year.

Prime Minister Giorgia Meloni’s government forecast in September that ​the politically sensitive tax burden — the level of taxes and social contributions as a proportion of ⁠GDP — is expected to ⁠rise to 42.8% this year from 42.5% in 2024, among the highest levels in developed economies.

© Thomson Reuters 2025 All rights reserved.



Source link

Continue Reading

Fashion

Sukoshi ramps up US growth with major 2025 mall openings

Published

on


Published



December 12, 2025

Asian beauty retailer Sukoshi announced on Thursday plans to accelerate its U.S. expansion with a series of major openings at high-traffic shopping centres across the country. 

Sukoshi ramps up U.S. growth with major 2025 mall openings. – Sukoshi

The company plans to debut new stores in 2025 at King of Prussia Mall in Pennsylvania, Lenox Square in Atlanta, Aventura Mall in Miami, Bellevue Square in Washington, and Garden State Plaza in New Jersey, marking its largest U.S. rollout to date. By the end of 2026, Sukoshi expects to operate more than 40 locations.

“As Asian beauty continues to shape global standards, we’re proud to be leading its expansion across North America,” said Linda Dang, CEO of Sukoshi. “Scaling is not just about opening stores. It is about setting a new standard for Asian beauty and giving customers a place where education and discovery feel natural.”

Most recently, in September, Sukoshi opened its largest New York City location on the Upper East Side, which marked its 15th store. It also became the exclusive retailer for global cult-favorite brands Red Chamber and Girlcult.  

Founded in 2018, Sukoshi has built a strong presence in the growing Asian beauty category, offering a curated selection of more than 200 brands from Korea, Japan, and across Asia.

The retailer is also positioning itself as a brand accelerator, offering partners access to retail space, influencer collaborations, pop-up activations, and North American distribution.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Gap partners with Summer Fridays on first apparel collaboration

Published

on


Published



December 12, 2025

Gap is teaming up with beauty brand Summer Fridays on a limited-edition capsule collection set to launch Friday, marking the skincare label’s first venture into apparel.

Gap partners with Summer Fridays on first apparel collaboration. – Gap × Summer Fridays

The 20-piece Gap × Summer Fridays line blends Gap’s signature comfort and timeless design with Summer Fridays’ minimalist Southern California aesthetic to offer soft knits, fleece sets, matching pajamas, and gift-ready accessories.

Notably, the collection features loungewear in Summer Fridays’ recognizable colour palette, including Pink Sugar, Cherry, Vanilla, and the brand’s distinctive Jet Lag Mask blue.

Other key pieces include mix-and-match knitwear and fleece sets, and flannel poplin pajamas and matching henley sets. The launch also includes accessories such as CashSoft socks and headbands, as well as a beauty bundle curated exclusively for the collaboration, featuring items like the Jet Lag Mask and Vanilla Lip Butter Balm.

To mark the launch, Gap and Summer Fridays will host a special pop-up experience at the Gap store at The Grove in Los Angeles. The event will offer treats, custom embroidery with purchase, an interactive charm bar, and an appearance from campaign star Barbie Ferreira. 

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Givaudan shares slump over 6% after cautious sales outlook on analyst call

Published

on


By

Reuters

Published



December 12, 2025

Shares in Givaudan fell sharply on Thursday after traders cited disappointing comments on sales guidance during an ⁠analyst call ahead of next month’s full-year ⁠results.

Reuters

By 1051 GMT, the stock was down more ‍than ‌6% after earlier rising ⁠0.4%.

One trader ‌said the fragrance ‌maker did not reaffirm its full-year sales growth guidance of 5.5%.

“Givaudan hosted a ‍group Q4 update… Market conditions more challenging ‌versus ⁠the ​5.5% OSG (Organic Sales ⁠Growth) ​guide provided in August,” Jefferies wrote in a ​note.

Givaudan was not immediately available for comment.

© Thomson Reuters 2025 All rights reserved.



Source link

Continue Reading

Trending

Copyright © Miami Select.