France Takes Aim at Ultra-Fast Fashion with New Levy

The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. (Reuters)
The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. (Reuters)
TT

France Takes Aim at Ultra-Fast Fashion with New Levy

The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. (Reuters)
The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. (Reuters)

France will from Tuesday impose a fee on ultra-fast fashion items that will eventually reach almost 20 euros per garment, as the government targets major Asian e-commerce platforms including Shein.

The levy follows legislation passed by the French parliament in June to regulate so-called "ultra-fast fashion" companies, known for selling large volumes of lower quality clothing at rock-bottom prices.

It is part of a push to rein in Asian e-commerce giants including Shein, Temu and AliExpress, which have exploded in popularity in France in recent years.

"The harmful effects of ultra-fast fashion on our environment and our economy are well known and documented," said Mathieu Lefevre, the minister for ecological transition on Friday as details of the measure were published.

Under the legislation, ultra-fast fashion will be determined according to two criteria: the volume of clothing placed on the market and the cost of repairing garments relative to their purchase price.

The per-item fee will vary on a set scale according to how each product scores on both these standards.

In 2026, companies will pay fines such as a 50-cent levy on underwear falling into the ultra-fast fashion category, rising to two euros for T-shirts, nine euros for jeans and 12 euros for a jacket.

The levy could reach up to 19.50 euros ($22.60) per item by 2030, though the cap remains at 50 percent of the product's pre-tax price.

A tool to collect data independently, rather than relying solely on companies' own declarations, is under development, Lefevre's office said.

Shein, which on Monday was valued at $26.3 billion in its long-awaited Hong Kong initial public offering, declined to comment when contacted by AFP.

Temu and AliExpress did not immediately respond to requests for comment.

The measure has faced criticism over which retailers it will affect.

In July, Lefevre's office said the levy would not apply to retailers such as H&M or Zara, prompting some to say that the measure appeared to spare European and French companies.

French officials have made repeated statements that they view Shein, Temu and AliExpress as driving the surge in ultra-fast fashion.

The European Commission had also raised questions over whether the legislation complied with EU law, but Lefevre's office said those concerns had been "dispelled" and the measure was not expected to be blocked.

China meanwhile warned in July of potential retaliation over the French law, slamming the regulation as "discriminatory" and in violation of trade principles.

Imports of small parcels from China into the EU have already fallen by around 30 to 40 percent since a separate three-euro EU levy on such shipments came into force on July 1, according to the French government.



Burberry Shows Embroidered Trench Coats and Flowery Skirt Suits for Summer 2027

 A model presents a creation at the Burberry Spring/Summer 2027 collection show during London Fashion Week, in London, Britain, September 21, 2026. (Reuters)
A model presents a creation at the Burberry Spring/Summer 2027 collection show during London Fashion Week, in London, Britain, September 21, 2026. (Reuters)
TT

Burberry Shows Embroidered Trench Coats and Flowery Skirt Suits for Summer 2027

 A model presents a creation at the Burberry Spring/Summer 2027 collection show during London Fashion Week, in London, Britain, September 21, 2026. (Reuters)
A model presents a creation at the Burberry Spring/Summer 2027 collection show during London Fashion Week, in London, Britain, September 21, 2026. (Reuters)

‌Burberry creative director Daniel Lee showed bright floral trench coats and checked short suits in his summer 2027 collection for the British luxury brand.

The show at Chelsea College of Arts in London took place in a minimalist bright white cube, with guests including actors Jason Statham and Chiwetel Ejiofor, rappers Skepta and ‌Kano, and Mayor ‌of London Sadiq Khan watching ‌from ⁠wooden seats printed with ⁠Burberry's check.

Women wore skirt suits in windowpane check fabric overlaid with intricately embroidered mimosa and lavender flowers, a motif repeated on matching pumps.

The bright florals also featured on checked short suits ⁠for men, and on fluid, sheer ‌trench coats ‌in pastel blue and aubergine worn over striped dresses.

Patterns ‌ranged from muted, ditsy florals ‌to clashing stripes and face prints, with bright yellow, pink, and green looks cutting through a palette of greys and beiges.

Skirts covered ‌in sequins or bright red pompoms were worn with short airy ⁠jackets ⁠with epaulettes.

Lee's show notes emphasized wearability. "There's an intentional imperfection: the idea of owning a piece, living in it," he wrote.

The men's looks were inspired by street wear, featuring trouser chains and denim, but paired with flowery shirts giving them a 1970s feel.

Rapper Central Cee made his Burberry runway debut in the show, wearing low-slung jeans and a jacket with the hood up.


UK Retailer Debenhams Announces Return of McDonald as New Chair

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
TT

UK Retailer Debenhams Announces Return of McDonald as New Chair

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

British fashion retailer Debenhams said on Friday Iain McDonald has returned to its board as chair, replacing Tim Morris, as the company looks to focus on rebuilding its equity value after completing the initial stage of its turnaround.

Here are some details:

McDonald stepped down in February after Debenhams launched an equity raise, in which McDonald and his fund Belerion Capital invested about $5 million, making him ⁠the ninth largest ⁠investor in the group, per LSEG data.

McDonald, who had served as a non-executive director since June 2017, stepped down to facilitate his fund's participation in the funding earlier this year.

McDonald ⁠is currently chair and investor at London-listed cosmetics group Revolution Beauty, whose shares have soared over 60% so far this year.

Debenhams, formerly known as Boohoo, has seen its shares rise 8.6% so far this year.

Debenhams on Thursday reported a 13.9% rise in first-half adjusted core profit, driven by a return to growth at ⁠major brands ⁠including PrettyLittleThing, boohoo and Karen Millen.

Morris is stepping down with immediate effect after serving as chair for nearly two years and oversaw the group's new strategy, which was led by CEO Dan Finley.

As part of Friday's changes, Debenhams also appointed Michael Stewart and Stephen Rothwell as independent non-executive directors, bringing expertise in capital markets, investment management, technology and AI-enabled consumer platforms.


Next Nudges Up Profit Guidance but Sees UK Headwinds

Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo
Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo
TT

Next Nudges Up Profit Guidance but Sees UK Headwinds

Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo
Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo

British clothing retailer Next edged up its annual forecast on Thursday, as it reported a 10.5% profit rise for its first half, but expects sales growth to slow in its second half and warned of headwinds in its core UK market.

The group, which trades from more than 800 stores in the UK and Ireland, including Reiss, Joules and FatFace outlets, and has an online ⁠operation serving the ⁠UK and overseas markets, said full price sales were 7.7% higher in the six months to August 1, helped by a hot summer in Britain.

But it said full price sales growth would slow to 5.8% in its second half, and moderated its second half sales growth expectations for the UK to 2.0% from 2.8%, flagging concerns in its ⁠home market which accounts for about three quarters of sales.

"Our primary concerns are rising inflation, higher mortgage interest costs and a weak employment market. These worries will only be compounded if they are accompanied by tax increases," it said in reference to new finance minister John Healey's first budget on October 28.

"It seems likely that it (the government) will have to increase taxes in order to fund its expenditure,” Reuters quoted it as saying.

British households will see their energy bills rise in October, inflation ticked up on Wednesday, and, last week, Next rival John Lewis highlighted a tough UK ⁠trading environment, saying ⁠consumers were holding back on bigger ticket items.

Rival Primark said trading in continental Europe remained challenging, though Zara owner Inditex reported a strong start to autumn trading.

Next made a profit before tax of £569 million ($762 million) in its first half. It said its international business had made an encouraging start to the season, and raised its second half sales growth guidance to 20.5%.

The retailer, whose shares have increased by a quarter over the last year, raised its profit before tax guidance for its year to January 2027 by £12 million ($16 million) to £1.255 billion, reflecting the small upgrade in sales expectations and some additional cost savings, mainly in warehousing. It made £1.158 billion in 2025/26.