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News
Struggling GoPro sells majority stake to optical maker Starman for $285 million
1+ week, 5+ day ago (399+ words) Starman Optical, a privately held firm that makes optical transceivers in the U.S. for use in AI data centers, would get a 90% stake in GoPro under the deal announced on Tuesday, with existing shareholders of the camera company owning the rest....
France targets Shein and Temu with fast fashion fines
1+ week, 6+ day ago (373+ words) The penalties – part of a fast-fashion law passed in June that aims to address environmental concerns from overproduction – range from €0.25 (30 U.S. cents) for a pair of boxer shorts or socks to €12 ($14) for a coat, with the amount capped at…...
France fines Boohoo???2.3 million over deceptive discounts on website
3+ week, 4+ day ago (265+ words) Boohoo exaggerated the discounts it was offering, giving shoppers a false impression of the savings they were making, the DGCCRF (Directorate-General for Competition, Consumer Affairs and Fraud Control) said in a statement. Of the promotions analysed by the watchdog, 40% were…...