Fashion
China drops WTO developing-nation benefits: Textile impact explained
 "South Korean Carmakers See October Sales Slump Amid Holidays, Production Losses")
Published
November 3, 2025
Luxury re-commerce platform Fashionphile has named entrepreneur, author, and media icon Martha Stewart as its 2025 holiday brand ambassador.
In this role, Stewart stars in the company’s latest holiday campaign and has curated an exclusive collection of her favorite accessories, now available to shop on fashionphile.com.
“As the face of our 2025 Holiday brand ambassadorship and the ultimate authority on quality and timeless taste, Martha Stewart is uniquely positioned to speak on the enduring value of luxury resale,” said Sophia Tsao, chief digital and marketing officer of Fashionphile. “Martha is the quintessential face of the Holiday, so who better to partner with this holiday season.”
The campaign, photographed by Claire Leahy and styled by Paolo Nieddu at the company’s New York City flagship, captures Stewart’s signature polish, while highlighting Fashionphile’s collection of luxury handbags and accessories from brands like Chanel, Hermès, Louis Vuitton, and Goyard. Likewise, in a short video, Stewart reflects on the ease of buying and selling through Fashionphile’s circular marketplace and the platform’s commitment to sustainability.
“Shopping on Fashionphile feels a bit like discovering a secret archive — elegant, storied, and beautifully organized. Each item tells you something about the world it came from. One can shop with confidence knowing everything is so carefully authenticated,” Stewart explained.
The collaboration marks Fashionphile’s third ambassador partnership, following campaigns with Emma Roberts and Nicole Richie. Most recently, in October, the company acquired Luxe Collective, marking it entry into the UK luxury resale market.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Bloomberg
Published
November 3, 2025
Gold held around $4,000 an ounce after a weak start on Monday, as China ended a long-standing tax rebate for some retailers in a change that could weigh on demand in one of the world’s largest precious-metals markets.
Bullion for immediate delivery traded little changed towards midday in London, after falling as much as 1% in early trade. Beijing announced Saturday that it would no longer allow some retailers to offset a value-added tax fully when selling gold they bought from the Shanghai Gold Exchange and Shanghai Futures Exchange. The news sent Chinese gold jewelry stocks tumbling.
Under the new policy, companies producing so-called non-investment gold, such as for jewelry or industrial applications like electronics, can offset only 6% of the VAT, down from 13% previously. Firms that are not members of the exchanges will be subject to the same change when they sell investment products including gold bars.
Gold surged to a record in October, pushed higher by a retail buying frenzy, but it has since dropped sharply. Prices are still up by more than 50% year-to-date, even after the pullback. Many of the fundamentals that fueled the rally, including central bank and haven demand, are expected to remain in place.
“The tax changes in gold’s heaviest consumer nation will dent global sentiment,” said Adrian Ash, director of research at BullionVault. But the rebound in London markets on Monday, following weakness during Asian hours, shows that bullish mood remains strong, he
“China’s new policy complicates gold’s new found holding pattern, potentially hurting its ability to stay above $4,000. It remains to be seen if official-sector demand can offer a solid-enough backstop to offset any drag from Chinese consumers.”
Among jewelry stocks, Chow Tai Fook Jewellery Group Ltd. fell as much as 12% in Hong Kong, Chow Sang Sang Holdings International Ltd. shed more than 8%, and Laopu Gold Co. dropped more than 9%. The tax change is “likely to see the entire industry raise prices to pass through the cost pressure,” Citigroup Inc. analysts including Tiffany Feng wrote in a note.
Spot gold was trading at around $4,004.86 an ounce as of 11:32 a.m. in London. Silver was also little changed, while platinum and palladium rose.
Translated by
Nazia BIBI KEENOO
Published
November 3, 2025
The track record of Intersport France and Belgium’s new managing director, Philippe Giovanni, a specialist in consolidating distribution networks, suggested potential external growth moves. The cooperative is now significantly expanding its network, marking not the absorption of a brand in France but a geographical expansion.
In a press release on November 3, the French cooperative announced that it had been “entrusted by ICC with the responsibility of overseeing Spain and Portugal, by structuring a Southern European hub which will bring together France, Belgium, Spain and Portugal.”
For several months, questions surrounded the future of Intersport’s Iberian operations. The group had applied earlier this year for court protection after facing challenges repaying its debt. This entity comprised 130 companies operating Intersport-branded stores and employed more than 130 people. It had been seeking buyers for several months, with Spanish media estimating a potential purchase price of around €300 million ($323 million).
“This new step marks the recognition of the know-how of our French cooperative and of our ability to build a strong collective dynamic,” said Gérard Leclerc, now president of Intersport France, Spain, Portugal & Belgium. “By structuring a Southern European hub, we are affirming our ambition to make Intersport a benchmark player in a strategic area of the European sports market.”
Intersport France and Belgium did not disclose the transaction amount. For the entity based in Longjumeau, in the Paris region, the move “is in line with the transformations we have carried out together in recent years: the acquisition of Go Sport, the modernization of our store network and the launch of our new brand platform.”
The company plans to “build on the know-how, performance and robustness of the French model” and is creating an Iberian subsidiary, while Intersport France takes over the Spanish central office and its staff.
Intersport France and Belgium report revenue of €3.88 billion ($4.18 billion) and hold a market share of more than 14%.
This article is an automatic translation.
Click here to read the original article.
Copyright © 2025 FashionNetwork.com All rights reserved.
Software developers show less constructive skepticism when using AI assistants than when working with human colleagues
Newly-married Carly Rae Jepsen expecting first baby with Cole M.G.N.
Fermented fibers could tackle both world hunger and fashion waste
-
Tech6 days agoOpenAI says a million ChatGPT users talk about suicide
-
Tech6 days agoHow digital technologies can support a circular economy
-
Tech6 days agoUS Ralph Lauren partners with Microsoft for AI shopping experience
-
Tech6 days agoAI chatbots are becoming everyday tools for mundane tasks, use data shows
-
Fashion6 days agoITMF elects new board at 2025 Yogyakarta conference
-
Business6 days agoTransfer test: Children from Belfast low income families to be given free tuition
-
Entertainment1 week agoGrimes backs Selena Gomez after ‘In The Dark’ video
-
Fashion1 week agoTaiwan Textile Select showcases sustainable innovation at TITAS 2025