Saving money? ‘Mission impossible’

Unfortunately, Mango, which is a sound company, is not acquiring a stake in the business: on the other hand, given the current situation – with losses of 35 million for the year 2025 and three further closures – it was foreseeable that there would be no ‘white knights’ available to save Coin, whose brand seems to be slowly but surely fading away

Quick Take — US concludes Alibaba and BYD have ties to Chinese military: trade acquires additional geopolitical role

The companies are among those that the Pentagon believes may pose a threat to US national security (Financial Times)

… The decision to include Alibaba on what is formally known as the 1260H list comes three months after the FT reported that US intelligence agencies believed the e-commerce giant posed a threat to national security. The Pentagon will also add BYD, the world’s largest electric car manufacturer, and Baidu, the search engine, to the 1260H list established by Congress. Although trade tensions between the US and China have eased since Trump and Xi met in South Korea in October, the addition of major Chinese groups to the list will trigger new tensions ahead of their April summit…

Read about it : Where the world is going: with Amazon, Alibaba, Shein and Temu, trade takes on a geopolitical aspect

Quick Take — Amazon reduces sales commissions in Europe in price war with Shein and Temu

As of 15 December, Amazon reduces the referral fees charged on clothes and accessories from 7% to 5% for items up to 15 euros ($17.41) or 15 pounds ($19.79) and from 15% to 10% for items between 15 and 20 euros or pounds…

Shein, which sells tops for €3 and jeans for only €8.20, has taken market share from European fast fashion retailers and challenged Amazon with its marketplace selling everything from duvet covers to hoovers

Amazon is the dominant e-commerce platform in Germany, France and other European countries, in a market where turnover is expected to grow by 7% to EUR 900 billion this year, according to forecasts by the industry association Ecommerce Europe.

Reuters

Quick Take — Black Friday, Greenpeace investigation: ‘Toxic substances on a third of Shein’s clothes’

This latest ‘Shame on you Shein!’ report looked at some of the best-selling garments sold by the Chinese fast fashion giant and found that one third of the garments tested 32% (18 out of 56) not only contained 11 substances considered toxic, but their quantity exceeded the limits set by the European Chemicals Regulation (REACH). Including children’s clothes. Garments that are considered ‘illegal’ under EU law.