On New Year’s Day, Ermenegildo “Gildo” Zegna is to become Executive Chairman of the group that bears his name.

Black Friday remains as popular as ever, but consumers are becoming noticeably more cautious. Gen Z and millennials are taking a liking to physical stores.

In the Netherlands, three-quarters of retailers misrepresent their discounts. In Belgium, a quarter of the promotions are said to mislead customers.

Otto has closed its Dutch webshop after a “final sale”. The German online retailer suffered heavy losses in the Dutch market.

Harrods is scaling back its physical presence in China. The luxury department store chain is shifting its focus to temporary ...

A parcel tax of two euros will be introduced and VAT rates will change for certain product categories. This is stated in the Belgian budget agreement.