Hope on the horizon for Japanese department stores as travel restrictions lifted
Shares in Japanese department stores started to climb after the country announced an end to travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
UK brings back duty free shopping
The UK’s new finance minister, Kwasi Kwarteng has announced that he intends to reverse the previous chancellor’s decision to end duty free shopping, according to a report published by Reuters.
No more airport shopping: UK calls time on duty free
The UK government has announced that it will no longer allow VAT exemptions for goods purchased in the UK or at its airports, ports and Eurostar stations after January 1, 2021, according to a report published by The Independent.
Chanel monitored by anti-trust regulator in South Korea
Chanel is under investigation by The Korean Free Trade Commission (KFTC) in South Korea for allegedly flaunting the country’s Free Trade Act, according to a report by RLI.com.