Italy's Antitrust Opens Probe into Shein over Environmental Claims

FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo
FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo
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Italy's Antitrust Opens Probe into Shein over Environmental Claims

FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo
FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo

Italy's antitrust agency has launched an investigation into Dublin-based Infinite Styles Services CO. Limited, which manages the Italian website of Shein, over possible misleading environmental claims on the website.
The company is seen as trying "to convey an image of production and commercial sustainability of its garments through generic, vague, confusing and/or misleading environmental claims," Italy's antitrust said in a statement.
Some of the information on the clothing collection 'evoluSHEIN', declared by the company to be sustainable, could mislead consumers about the amount of green fibres used, while also failing to inform them about the fact the garments cannot be further recycled, Reuters quoted the authority as saying.
Italy's antitrust also said that Infinite Styles Services CO. Limited appeared to emphasize its commitment to the decarbonization process, while the targets indicated on Shein's website appear to be contradicted by the increase in greenhouse gas emissions indicated in Shein's sustainability reports for 2022 and 2023.
A Shein spokesperson did not immediately reply to a request for comment.
Founded in China, Shein is known for its cheap tops and dresses. Its treatment of workers and environmental record have come under increased scrutiny.



Giorgio Armani, 90, Says He Plans to Retire Within 'Two or Three Years'

FILE PHOTO: Designer Giorgio Armani appears at the end of his Haute Couture Fall/Winter 2024-2025 collection show for Giorgio Armani Prive in Paris, France, June 25, 2024. REUTERS/Yves Herman/File Photo
FILE PHOTO: Designer Giorgio Armani appears at the end of his Haute Couture Fall/Winter 2024-2025 collection show for Giorgio Armani Prive in Paris, France, June 25, 2024. REUTERS/Yves Herman/File Photo
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Giorgio Armani, 90, Says He Plans to Retire Within 'Two or Three Years'

FILE PHOTO: Designer Giorgio Armani appears at the end of his Haute Couture Fall/Winter 2024-2025 collection show for Giorgio Armani Prive in Paris, France, June 25, 2024. REUTERS/Yves Herman/File Photo
FILE PHOTO: Designer Giorgio Armani appears at the end of his Haute Couture Fall/Winter 2024-2025 collection show for Giorgio Armani Prive in Paris, France, June 25, 2024. REUTERS/Yves Herman/File Photo

Giorgio Armani, the founder of the eponymous Italian fashion brand, said in an interview published on Sunday that he plans to retire within the next two or three years.
Armani is 90 years old and has so far been tight-lipped about the succession plans for the company he founded in 1975 and still firmly controls.
"I can still give myself two or three years as head of the company. Not more, it would be negative," he told Italy's Corriere della Sera newspaper.
Armani said he has restless nights in which he dreams of a future in which "I no longer have to be the one who says 'Yes' or 'No'."
He added he has received "slightly more insistent" approaches from potential outside investors in his company, "but for the moment I do not see any openings".
With no children to pass it on to, there has been speculation about the long-term future of Armani's empire and whether, in an industry dominated by luxury conglomerates such as LVMH and Kering, it will be able to maintain the independence he treasures.
In the interview with Corriere della Sera, Armani said he had "built a kind of structure, a project, a protocol" to govern his succession, without elaborating.
Last year, Reuters reported on a document held by a notary in Milan which sets out the future governing principles for those who will inherit the group, and on another that details issues including protecting jobs at the firm.
Armani's heirs are expected to include his sister, three other family members working in the company, long-term collaborator and partner Pantaleo Dell'Orco and a charitable foundation.