coronavirus

Did Covid-19 really catapult e-commerce forward ten years, as the often heard statement goes these days? The European E-commerce Report paints a more nuanced picture. How did online retail really fare in Europe last year?

According to the Vietnam Textile and Apparel Association (VITAS), about a third of Vietnam's textile and clothing factories have closed due to the coronavirus pandemic. As good as all logistic chains are interrupted in the world's second-largest textile exporter, in a crisis that could cost the industry billions.

French spirits group Rémy Cointreau has made an excellent start to the fiscal year, benefiting from the reopening of cafés and restaurants.

After more than a year of bickering, EssilorLuxottica is paying the full price for Pearle parent GrandVision. During the Covid crisis, the acquirer accused his future partner of mismanagement, but now all seems to be rosy again.

Wouter Torfs, CEO of the eponymous shoe store chain, can see the first signs of improvement after a year of Covid misery. Nevertheless, the uncertainty remains widespread, as nobody knows what will happen when the government removes all financial support.

The global luxury goods market sank into an unprecedented crisis due to Covid-19. Recovery has since started, mainly as demand coming from China rose again. In the most optimistic scenario, the market could return to 2019 levels before the end of the year, according to consulting firm Bain & Company.

In an interview with some regional newspapers, President Emmanuel Macron clarified his exit strategy from the lockdown. On May 19, all stores are allowed to open again.