BUSINESS

LVMH is investing in Moncler in a transaction that gives the luxury heavyweight a seat on the board of the Italian fashion company, best known for its pricey puffer jackets. Source link

This week we look at ethical fashion in the age of “direct-to-consumer” giants like China’s Shein and Temu. Thanks to their business model based on ultra-fast design and production, consumers can purchase a new look at incredibly low prices. But at what cost for the environment and worker wellbeing? Charles Pellegrin talks to Kamila Boudova, a … Read more

The car-parts supplier cut its sales and profitability guidance for the year, as market uncertainty in Europe and high car inventories in North America weigh on vehicle production. Source link

H&M won’t hit a key profitability target this year but said sales momentum picked up through July and August before accelerating further in September. Source link

The owner of Silicon Valley’s Done Global was arrested, but the telehealth company’s staff in China still provides easy access to stimulants for Americans. Source link