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6 Jul

Symrise Appeals European Commission Search in March – WWD

Symrise Appeals European Commission Search in March – WWD
PARIS — German fragrance and flavors supplier Symrise has filed an appeal with the Court of Justice of the European Union against the search conducted on behalf of the European Commission between March 7 and 9. As reported, the world’s 4 major fragrance suppliers — Symrise, Firmenich, Givaudan and IFF — are involved in an antitrust inquiry. In March, the businesses confirmed that they're a part of an investigation into possible collusion by the European Commission. “We consider the search to be illegal under several legal points,” Symrise said in a press release on Thursday. “The EU Commission has not sufficiently explained what information it allegedly has that makes it appear possible that Symrise is also involved in transactions that violate antitrust...
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7 May

Net-a-porter Appeals to Big Spenders With Minimalist Looks for Fall

Net-a-porter Appeals to Big Spenders With Minimalist Looks for Fall
LONDON — Luxury retail has turn out to be all concerning the 3 percent of consumers who're driving double-digit sales, with physical stores and digital players doing every part possible to cater to the exclusive cohort. On Wednesday, Net-a-porter’s market director Libby Page laid bare the retailer’s priorities in the course of the fall 2023 seasonal trends presentation. She also echoed the words of competitors including Mytheresa and Neiman Marcus. Page said the team at Net has “one essential objective: engage our EICs. These extremely vital customers — VIPs in case you prefer — are our highest spending customers. They're loyal, and so they love fashion. And while they only make up 3 percent of our customer base, they account for over...
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