On June 18th, 2024, DP Group successfully organized a roundtable discussion in Suzhou titled “Should I Stay, or Should I Go to Vietnam?” kindly hosted by PIOVAN. During the event, we gained valuable insights on the Piovan Group from Mr. Flavio Zaghini (Piovan CEO Asia). Mr. Carlo Fabrizi (Legal Advisor at D’Andrea & Partners in Hanoi) presented on Vietnam’s 2024 investment opportunities for European companies, and Mr. Devin Li (Senior Accountant at PHC Advisory) provided an update on Vietnam’s tax regulations. The event concluded with a factory tour and a wine tasting sponsored by DP Winery.
Background Overview On the evening of October 19, 2024, the State Council officially announced the Regulations of the People’s Republic of China on the Export Control of Dual-Use Items (hereinafter referred to as the “Regulations”), which will take effect on December 1. The Regulations aim to address issues such as the relatively scattered nature of
Overview In September 2024, China’s Ministry of Foreign Commerce (MOFCOM) launched an investigation into the business activities of PVH Corp. (the parent company of Calvin Klein and Tommy Hilfiger among other brands) under the allegation that the company violated normal market trading practices in China. MOFCOM suspects that PVH severed contracts between itself and cotton
Introduction In August 2023, luxury fashion group Tapestry Inc. (parent company for brands including Kate Spade, Stuart Weitzman, and Coach) concluded a deal to acquire Capri Holdings Limited (parent company of brands including Michael Kors, Jimmy Choo and Versace) for USD$8.5 billion. With Tapestry Inc.’s market capitalization at USD$11.41 billion and Capri Holding’s at USD$2.41
