Fashion
Shein fined massive 150 million euros in France for non-compliance with cookie legislation
By
AFP
Published
September 3, 2025
Asian discount clothing giant Shein has been fined a massive 150 million euros in France for failing to comply with legislation on cookies, the French privacy watchdog Cnil announced on Wednesday.
The Cnil, which has also imposed a record fine of 325 million euros on Google for similar grievances, denounces the fact that these computer trackers had been deposited on the devices of Internet users who had visited the Shein site without their consent, or without respecting their choice or informing them correctly.
These are the two biggest penalties ever imposed by the Cnil, with the exception of a 150 million euro fine imposed on Google in 2022, also on the subject of cookies.
The French data protection watchdog justified the exceptional nature of the fine imposed on Shein by the fact that the legislation on which this decision is based is already in force, in particular the French Data Protection Act (Loi Informatique et Libertés), which the company could not ignore.
“Since 2020,” Cnil’s restricted committee “has on numerous occasions sanctioned organizations for similar breaches, making its decisions public,” stressed the institution in a press release.
This is a colossal sanction, given the very high number of users potentially affected – an average of 12 million French people every month – argued the Commission Nationale de l’Informatique et des Libertés (Cnil).
Shein complied “during the course of the procedure,” the Cnil pointed out.
The company “firmly contests” this decision “and will lodge an appeal with the Council of State and the Court of Justice of the European Union,” it told AFP.
“We consider the fine to be totally disproportionate, given the nature of the alleged grievances, our current compliance, and the proactive corrective measures we have put in place,” said Shein.
“The severity of the penalty appears to be motivated by political considerations rather than by a fair and balanced application of the regulations,” the company judges. Recalling that it has “fully cooperated with the Cnil” since August 2023, Shein says it regrets that “no warning was ever issued” prior to the “formal notice.”
The brand, which stands out for its extremely low prices, profusion of SKUs and aggressive marketing, has been booming in France and Europe in recent years.
However, it has attracted the wrath of human rights and environmental associations, trade players and the authorities. Accused in turn of environmental pollution, deceptive business practices, unfair competition, and undignified labor, Shein symbolizes, according to its detractors, all the ills of “ultra fast fashion.”
The company with sales of $23 billion (by 2022) is the target of a proposed French law aimed at regulating ephemeral fashion, notably through an advertising ban, financial penalties, and an obligation to make consumers aware of the environmental impact of their clothing.
At the beginning of July, the platform was fined 40 million euros for misleading commercial practices by France’s Repression des Fraudes, for, among other things, marking up certain prices before applying a discount.
Paris, Sept 3, 2025 (AFP)
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Fashion
Valentino Garavani dies aged 93
Published
January 19, 2026
Valentino Garavani, an icon of Italian fashion, founder of his eponymous maison, and widely regarded as one of the greatest designers of all time, died in Rome on January 19, surrounded by his loved ones.
Born in Voghera, Italy on May 11, 1932, he showed remarkable artistic talent from an early age, which led him to study drawing and fashion in Paris, where he worked with couturiers such as Jean Dessès and Guy Laroche.
Upon returning to Italy, he opened his first atelier on Via Condotti in Rome in 1960, supported by his business partner, Giancarlo Giammetti. International success soon followed: his debut show at Florence’s Palazzo Pitti in 1962 marked his breakthrough, establishing him as an undisputed standard-bearer of Italian fashion worldwide. In 1968, the famous “V” logo was introduced, later becoming the emblem of the maison. Equally iconic is his signature red, inspired by a gown he saw at the opera in his youth, which made this shade a defining hallmark of the house.
Valentino Garavani announced his retirement in 2007, at the age of 75, with a final show celebrating his extraordinary career. His legacy is also chronicled in the 2008 documentary directed by Matt Tyrnauer: “Valentino: The Last Emperor.”
Garavani’s lying in state will be held at PM23, Piazza Mignanelli 23 in Rome, on Wednesday and Thursday, January 21 and 22, 2026, from 11:00 to 18:00. The funeral will take place on Friday, January 23, 2026, at 11:00, at the Basilica of Santa Maria degli Angeli e dei Martiri, Piazza della Repubblica 8, Rome.
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Fashion
EU Council prez to convene extraordinary meeting to discuss Greenland
Trump last week announced he would impose a new round of higher tariffs on several EU members starting February 1 as the latter did not support US demand to buy Greenland from Denmark.
EU diplomats have agreed to accelerate efforts to dissuade President Donald Trump from imposing tariffs on European allies, while preparing retaliatory measures.
European Council President Antonio Costa consulted members on the Greenland issue and said he would convene an extraordinary meeting of the Council in the coming days.
The bloc is committed to defend itself against any form of coercion, he said.
“NATO has been telling Denmark, for 20 years, that ‘you have to get the Russian threat away from Greenland’,” he wrote on Truth Social. “Unfortunately, Denmark has been unable to do anything about it. Now it is time, and it will be done!!!”
European Council President Antonio Costa consulted member states on the latest tensions over Greenland and issued a statement saying such tariffs would undermine trans-Atlantic relations and are incompatible with the EU-US trade agreement. He reconfirmed the bloc’s strong commitment to defend it against any form of coercion.
Expressing the bloc’s readiness to continue engaging constructively with the United States on all issues of common interest, he said he would convene an extraordinary meeting of the Council in the coming days.
“Europe will not be blackmailed,” Danish Prime Minister Mette Frederiksen said in a statement.
An option being reportedly considered is a package of tariffs on €93 billion worth of US imports that could automatically take effect on February 6 following the expiry of a six-month pause.
Another involves deploying the Anti-Coercion Instrument (ACI), a never-used tool that could restrict access to public tenders, investments or banking activity and limit trade in services, including digital services, where the United States runs a surplus with the bloc.
After speaking to NATO Secretary General Mark Rutte, French President Emmanuel Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni, European Commission chief Ursula von der Leyen asserted EU commitment to upholding the sovereignty of Greenland and Denmark and posted on X: “We will always protect our strategic economic and security interests”.
“We will face these challenges to our European solidarity with steadiness and resolve,” she said.
“No intimidation or threat will influence us—whether in Ukraine, in Greenland or elsewhere in the world,” Macron wrote on X. “Tariff threats are unacceptable and have no place in this context. Europeans will respond in a united and coordinated manner if they are confirmed,” he wrote.
“We will not allow ourselves to be blackmailed,” said Swedish Prime Minister Ulf Kristersson.
Fibre2Fashion (DS)
Fashion
Reliance misses third-quarter profit estimates at $2.06 billion for the October-December quarter
By
Reuters
Published
January 19, 2026
On Friday, India’s Reliance Industries posted an 186.45 billion rupees ($2.06 billion) profit for the October-December quarter, missing analysts’ average estimate of 196.44 billion rupees, according to data compiled by LSEG.
Shares of Reliance Industries fell as much as 2.7% in early trade on Monday after the conglomerate announced missing its third-quarter profit estimates, weighed down by slowing earnings growth in its retail segment. Shares of the Mukesh Ambani-led firm were trading at 1,426. 60 rupees, as of 9:41 am, and were among the top five losers on the benchmark Nifty 50 Index
UBS analysts trimmed Oil-to-Chemicals(O2C) and retail estimates slightly but said they still see room for a valuation re-rating, as the company’s earnings before interest and taxes (EBIT) mix increasingly shifts toward structural growth drivers such as digital and retail, reducing dependence on the cyclical oil and gas segment. Festive discounting, investment in hyper-local delivery startups, and a one-off impact from India’s new labour code trimmed core margins at its retail unit to 8% from 8.6% a year earlier.
Retail growth softened primarily because the festive season was brought forward and due to the one-month impact of the consumer products demerger, analysts at Emkay said. Core earnings for the segment grew 1.3% to 69.15 billion rupees, compared with 9.5% growth a year earlier.
Reliance’s oil and gas segment weakened due to lower output and softer price realisations from its ageing KG-D6 fields, leading to an 8.4% revenue decline and a 12.7% drop in core earnings amid higher maintenance costs. Meanwhile, analysts at Systematix forecast a rise of 5%, 12%, and 9% O2C, Retail, and Jio revenue CAGR, respectively, during FY25-FY28, while a 12% decline in their oil and gas businesses.
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