Fashion
EU to levy €3 customs duty on small e-commerce parcels from July 2026
EU officials said the measure aims to address unfair competition faced by EU sellers, alongside concerns over consumer health and safety, widespread fraud, and environmental impact linked to high volumes of low-value imports. Around 93 per cent of e-commerce flows into the EU are expected to fall under the scope of the new duty, the Council said in a press release.
EU Council has agreed to impose a fixed €3 (~$3.52) customs duty on small parcels valued below €150 entering the bloc from July 1, 2026.
The temporary measure targets e-commerce imports, addressing unfair competition, fraud, and safety concerns.
It will apply mainly to goods sold by non-EU sellers registered under the Import One-Stop Shop and remain until a permanent customs reform takes effect.
The €3 rate will apply to goods sold by non-EU traders registered under the EU’s Import One-Stop Shop for VAT purposes. The Council clarified that this customs duty is separate from a proposed handling fee being discussed under the broader customs reform and the EU’s multiannual financial framework.
The temporary duty will remain in force until a permanent system agreed in November 2025 comes into application, which would remove the €150 duty-free threshold altogether and subject all such goods to standard EU tariffs. The European Commission will periodically review whether the duty should also extend to goods sold by traders not registered under the Import One-Stop Shop (IOSS).
Fibre2Fashion News Desk (KD)
The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels. It will have a tenor of six months, or 182 days.
The People’s Bank of China will conduct a 600-billion-yuan (~$85 billion) outright reverse repo operation today to maintain ample liquidity in the banking system.
The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels.
It will have a tenor of six months, or 182 days.
This move represents a net injection of liquidity, as 400 billion yuan of similar six-month outright reverse repos are set to mature in December.
This marks the seventh consecutive month that the PBOC has expanded its outright reverse repo operations, according to a state-controlled media outlet.
Outright reverse repo operations, introduced in October 2024, are carried out each month with a tenor of no more than a year.
Fibre2Fashion News Desk (DS)
Published
December 15, 2025
Nude Project is advancing its European expansion. The Spanish urban fashion brand has added Germany to the list of markets in which it has a retail presence: on Friday December 12, it opened a store on Alte Schönhauser Straße in Berlin.
The store is the brand’s first permanent location in the German capital, although it tested the market in the city last spring with a pop-up. With this opening, Nude Project now operates four international brick-and-mortar stores, alongside existing locations in Milan, Lisbon, and Amsterdam. In October, the brand crossed the Atlantic to make its first foray into US retail with a temporary pop-up in Miami.
The brand’s commercial network is complemented by its stores in Spain, spread across Madrid (it operates a store on Calle Fuencarral and another at La Roca Village), Bilbao, Valencia, Ibiza, and Barcelona. Also in the Catalan capital, where it is headquartered, Nude Project recently strengthened its logistics in collaboration with the specialised company Logisfashion.
Founded in 2019 by Bruno Casanovas and Alex Benlloch, the firm has become a phenomenon among younger consumers and has progressively expanded its catalogue in recent years, spanning both womenswear and menswear, as well as accessories.
Collaborations are a key part of the brand’s identity; in fact, it has just unveiled a new capsule with Playboy, its third joint launch. In financial terms, it reported revenue of €26 million in the 2023 financial year (the most recent figures available).
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Copyright © 2025 FashionNetwork.com All rights reserved.
Published
December 15, 2025
Retail giant Next has been a major acquirer of brands in recent years and a report claims that premium footwear chain Russell & Bromley is now on its shopping list.
Next either owns or has majority stakes in Reiss, FatFace, Joules, Cath Kidston, Made, Laura Ashley’s homewares and more. But while it has a big war chest for acquisitions, it’s not the only company targeting Russell & Bromley.
Sky News reported that the 145-year-old family-owned footwear and accessories is courting investors and Next is one of several parties in talks with Russell & Bromley’s advisers about a deal. None of the other potential buyers have been identified.
Russell & Bromley confirmed this autumn that it had appointed advisory specialist Interpath to look at funding options for the business.
In October, CEO Andrew Bromley said: “We are currently exploring opportunities to help take Russell & Bromley into the next phase of our ‘Re Boot’ vision. Since the announcement of the ‘Re Boot’ earlier this year we have made significant progress, positioning us well to build on our momentum and continue along our journey. We are looking forward to working with our advisory team to secure the necessary investment to accelerate our expansion plans.”
The company has stores and concessions in the UK and Ireland and is led by Bromley, who’s from the fifth generation of his family to run the chain.
Earlier this year, he oversaw the launch of a five-year turnaround plan focused on “refining the brand proposition, elevating the product offering, streamline operations and fuel market expansion at pace”.
In September, the change of approach could be seen when the company launched a quirky campaign fronted by pop star-turned-actress Billie Piper. It was overseen by creative director Daniel Beardsworth-Shaw (who joined as the brand’s first CD in 2024) and was an unusual move for the label that’s not previously been known for its celebrity ambassadors or surreal campaign concepts.
In its last accounts, covering 2023, the company reported turnover down to just under £40 million from almost £45 million. EBITDA was a loss of £3.2 million after a narrower loss of £404,000 the year before. And the loss after tax was £6.9 million, also wider than the loss in the prior year of £4.6 million. The company didn’t share any details about what had gone wrong.
Those accounts were filed in early November 2024 and its next filing (covering 2024) is due before the end of this year.
Whether Next or another business buys it or takes a stake (it’s unclear which option the controlling family favours) will clearly have big impact on its future direction. Next already has a strong track record in the premium sector in which Russell & Bromley operates with its stewardship of Reiss.
Next declined to comment on the Sky News story, and both Russell & Bromley and Interpath couldn’t be reached.
Copyright © 2025 FashionNetwork.com All rights reserved.
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