News about Retail & HoReCa
Turkey turned out to be the most affordable destination among popular European tourist countries. However, it is also the country where travelers will have to pay the most for alcohol. This is the conclusion reached by an analysis by Euronews Business based on Eurostat data.
A French court has issued a temporary injunction against the online retailer Shein, prohibiting it from selling products in European Union countries that feature an image that may infringe on Lacoste’s well-known crocodile trademark.
German clothing manufacturer Hugo Boss has recommended that shareholders reject a mandatory tender offer made by the British company Frasers Group after the latter increased its stake in the company. The company stated that the proposed price does not reflect the fair value of the business or its long-term potential.
Czech entrepreneurs who sell children’s products are facing tough times—the country’s birth rate is plummeting. Last year, the Czech Republic saw the fewest births in its history. Analysts continue to predict a bleak future for the Czech Republic—and bankruptcy for entrepreneurs.
A medieval estate in Italy with its own winery and views of the Val d’Orcia valley topped the Travel + Leisure ranking.
Levi Strauss & Co. raised its revenue forecast for fiscal year 2026, anticipating growth in demand for higher-priced jeans and an expansion of its presence in the premium segment of the mass-market apparel industry. However, the company’s positive outlook failed to fully convince investors: following the release of its earnings report, the manufacturer’s stock fell by about 5% in after-hours trading.
According to the State Tax Service (STS), the agency no longer accepts applications from individuals seeking to register as independent business operators.
The Milky Way Restaurant in Vilnius, the capital of Lithuania, serves only wines from vineyards located more than 165 meters above sea level. Guests dining there are at the same altitude.
The French retail real estate market is not developing uniformly. While Paris’s luxury shopping streets are benefiting from the recovery in tourism, the number of vacant retail spaces is rising in most cities.
The Parliamentary Secretariat is conducting a series of tenders to procure catering services for official delegations.
Denmark, Sweden, and Finland have opposed a European Commission initiative that proposes allowing only beverages made exclusively from apple or pear juice to be labeled as “cider,” according to the Financial Times.
This year, 300 Moldovan companies—twice as many as last year—will participate in the second “Domestic Product” exhibition. It will take place August 28–30 at “Moldexpo” in the capital.
Despite inflationary pressures, Americans spent over $26.4 billion during Amazon’s Prime Day online sale. However, behind these impressive sales figures lies another trend: shoppers are hunting for discounts and trying to spend less on each order.
Saks Global, an American luxury department store operator, has completed bankruptcy proceedings and announced a name change. The company, which brings together Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, will now operate under the brand name Exemplar Luxury Group, according to the Associated Press.
The European Anti-Fraud Office (OLAF), in collaboration with Italian law enforcement agencies and Turkish customs authorities, has uncovered a scheme involving the illegal export of approximately 7,100 metric tons of textile waste from Italy to Turkey. According to investigators, the organizers circumvented costly environmental regulations by passing off the waste as reusable textiles.
The X5 Group, which operates the “Pyaterochka” and “Perekrestok” retail chains, has suspended purchases of products from Italy’s Ferrero Group. The company cited the supplier’s “unjustifiably high selling prices” as the reason for the decision.
In the last ten days of June, currants hold the top spot in terms of price in the seasonal berry segment of Moldova’s fruit market. The price for this berry in small-scale wholesale ranges from 90 to 110 lei per kilogram, while retail prices reach up to 150 lei per kilogram (for black varieties).
“We can’t sell a traditional blouse for 400 lei when our labor alone is valued at 400 lei,” says a craftswoman at Mirabela.
The British Advertising Standards Authority (ASA) has banned a number of advertisements by Adidas, Calvin Klein, and Uniqlo, ruling that the claims about recycled materials made in the ads could mislead consumers.
Currently, one of Moldova’s leading divin producers—Călărași Divin—is associated solely with divin, but this was not always the case. In the 20th century, the company also produced a wide variety of wines. As recently as the 1990s, their product range was quite extensive. A quarter of a century later, the time has come to revive this aspect of the company’s operations, as it has never strayed far from winemaking—after all, wine is the source of the distillate used to make divin.
