EU plan to impose import duty on cheap goods could dent Shein and Temu

Brussels move to end tax loophole exploited by China-linked marketplaces could also dent Sheinโ€™s planned London listingThe EU is moving forward with plans to impose customs duty on cheap goods in a shift that could hit imports from online retailers and…

Birkenstock shares fall 12.6% after landing on the US stock market

Shoemaker lands on NYSE with $7.5bn valuation as investors bet there was less mileage in consumer demand for its sandalsShares in Birkenstock fell 12.6% after landing on the US stock market, valuing the German shoemaker at $7.5bn as investors bet there…