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
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion