France's Minister of the Economy is suing Amazon, alleging the e-tailer abuses its power with vendor contracts.Minister Bruno Le Maire is looking to fine Amazon 10 million euros for investigative findings by France's Directorate General for Competition, Consumer Affairs and Fraud Control that state the e-tailer holds "unilateral" power in its contracts with sellers on its marketplace. Specifically, the DGCCRF said Amazon's contracts allow it to modify conditions and even terminate contracts with sellers with no recourse for the seller.Considering this is prohibited by France's Commercial Code "and the damage caused to the economy," Le Maire filed suit with the Commercial Court of Paris to enforce the fine.As the economic minister, Le Maire has the power to summon companies before the commercial court for sanctions by a judge.The DGCCRF added in a statement that Le Maire's move "illustrates the government's willingness to act as a national and European level to better regulate the activity of large digital platforms and to ensure greater transparency, balance and loyalty in their relations with companies."In revealing the findings from its investigation, which also included web platforms eBay, Fnac.com, Rue du Commerce and Cdiscount, the DGCCRF said these types of digital marketplaces generally work with "small business that need the notoriety of a platform to reach consumers .""There is thus a structural imbalance between different parts and therefore an [imbalance] of power," the DGCCRF said.As for the other marketplaces the regulator looked into, it said they've "come into compliance" during the course of the investigation.An Amazon representative could not be reached immediately for comment.The e-tailer has been coming up against its share of issues in Europe lately. Last week, it agreed to pay 100 million euros to end a probe into its tax payments by Italy.It's also facing allegations by the European Commission that it owes more than 250 million euros in back taxes related to the shifting of European profits to a holding company in Luxembourg, where it was given more favorable tax rates.Amazon has also been facing protests in the U.K. and Germany, with working claiming unsafe conditions and poor pay, which the company has denied. Warehouse workers from New Jersey, joined by unions and community groups, also protested working conditions last week in New York.For More, See:FCC Defies Public Outcry, Tech Companies in Voting to End Net NeutralityPatagonia Sees Sales Spike After Launching Fight With TrumpGucci Denies Ex-Employee's Allegations of Manager Sexual Harassment
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)
@denimdaysfestival, which initially launched in Amsterdam in 2014 and has since expanded to New York, is heading to Nashville for the very first time. The two-day festival, which will take place in November, will feature brand activations, hands-on workshops by artisans and denim mills, a vintage market, live entertainment, and local food and drinks. Get all the details on WWD.com. #wwdnews #wwdfashion
Later this month, the popular “Diana: Her Fashion Story” exhibit will be reopening. @historicroyalpalaces, the charity that manages @kensingtonroyal, has been working towards adding new, never-before-seen garments to the exhibit, including this dress created by Gianni Versace for a fund-raising dinner at the Museum of Natural History in Chicago. The exhibit will reopen on April 26 at Kensington Palace @wwdfashion
“Our family has always been engaged and interested in the world around us. [My brothers and I] were always encouraged to have our own opinion at a young age, which is not always something a child is asked — especially to have an opinion with reasoning behind it,” said @yarashahidi on becoming an activist. We caught up with the 18 year old last week, where she talked about her road to acting, how “Black-ish” led her to start conversations about identity and more. Head to WWD.com to read what she had to say #wwdeye (📷: @chelsealaurenla)