Global fast-fashion platform under regulatory scrutiny
European Parliament members visited China to discuss safety concerns over Chinese e-commerce platforms and the high volume of unsafe products entering the EU. The trip follows the EU's recent overhaul of customs rules targeting illegal goods, especially from China, to improve market access and consumer protection.
QVC Group has filed for Chapter 11 bankruptcy in the U.S., citing declining sales and high debt. The company aims to emerge within 90 days, but warns that its financial situation remains uncertain as it struggles to adapt to changing consumer habits and increased competition.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
The Scotsman reports Fort Kinnaird plans a 42,500 sq ft expansion, creating over 60 local jobs, including a new 19,750 sq ft food store and 22,785 sq ft leisure space, with consent expected in November and construction due 2027. The Guardian covers John Lewis’s £20m Glasgow store revamp as part of a £50m programme across several cities, aiming to modernise the Buchanan Galleries and boost footfall while keeping shops open. France 24 details Shein’s exit from BHV Marais as SGM sells the landmark store to executives, marking strategic shifts in Parisian retail amid regulatory fines over the brand.
France has hosted a high-profile Versailles dinner and reception to keep President Trump engaged at the G7 summit, while Macron projects EU strategic autonomy amid domestic headwinds. Speakers emphasize Ukraine unity and sanctions on Russia as tensions simmer over broader transatlantic ties.
The government has moved up the removal of the de minimis import relief to October 2028, after discussions with industry. Retailers call the timeline still too slow, arguing it leaves UK high streets at a competitive disadvantage to foreign online sellers.
TikTok is expanding beyond social video to include shopping, travel bookings, and payments, signaling a move toward a “super app” model. Separate microdrama deals show investors betting on AI-assisted, mobile-first storytelling as a growing entertainment niche, while studios and networks explore vertical formats and creator-owned IP.
The EU has widened its trade deficit with China to about €360 billion last year, while discussions on balancing trade and investment continue. Brussels seeks a level playing field and timely results by October, with a bilateral working group monitoring flows amid concerns over exports of Chinese cars, batteries and high-tech goods.