Europe's luxury brands want EU regulators to take a tougher line against online retailing giants like Amazon and Alibaba on issues like data protection and counterfeiting, the head of a leading industry group said.
The US e-tail site has been applying stock market-inspired concepts to the sale of sneakers for three years. CEO Scott Cutler told FashionNetwork.com he wants to go further in deploying the IPO-for-products model.
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.
Amazon.com Inc said it planned to create 1 million jobs in India by 2025, a day after the country’s trade minister said the e-commerce giant’s recently unveiled $1 billion investment in the country was no big favour.