Italy moves to safeguard fashion sector reputation after labour scandals
Cashmere company Loro Piana, controlled by French luxury group LVMH (LVMH.PA), opens new tab, was put under judicial administration last week after prosecutors uncovered evidence of worker abuses in its supply chain.
The label was the fifth high-end brand to undergo such court monitoring in Italy since early 2024.
"We cannot allow the illicit behaviour of a few to compromise the reputation of the entire sector, penalising many virtuous companies and, consequently, our Made in Italy brand, which is a symbol of excellence and quality," minister Adolfo Urso told fashion trade bodies during a meeting, according to a source.
The ministry is working on a measure to certify the sustainability and legality of companies in the supply chain in advance, he added, so that brands do not have to answer for the conduct of their suppliers or subcontractors.
Units of fashion brands Valentino, Dior, Armani and Italian handbag company Alviero Martini were previously placed under administration in Italy for similar alleged worker exploitation.
In the case of Loro Piana, the Court of Milan found it "culpably failed" to adequately oversee its suppliers in order to pursue higher profits, according to the ruling.
Prosecutors in that case said the violation of rules among fashion companies in Italy was "a generalised and consolidated manufacturing method".
Italy is home to thousands of small manufacturers that make up 50%-55% of global luxury goods production, consultancy Bain has calculated.
Italian legal and political authorities, fashion industry bodies and trade unions signed an action plan in May to fight worker exploitation in the apparel and accessories supply chain, after prosecutors uncovered widespread abuse.
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Auto Express
23 minutes ago
- Auto Express
Toyota Land Cruiser Commercial van review
While the previous-generation Toyota Land Cruiser Commercial focused on offering a utilitarian 4x4 experience, the latest version is being pitched as a halo model for Toyota's commercial vehicle line-up. It's a niche machine, with only limited numbers of commercial 4x4s sold each year, but with a healthy payload, huge towing capacity and plenty of car-like comfort up front, the Land Cruiser Commercial offers a genuine alternative to a double-cab pick-up truck. Off-road ability is excellent, while on the road it's arguably a better machine than the SUV that it's based on, with the removal of the back seats reducing weight and allowing the diesel engine to perform more flexibly. The commercial 4x4 sector is a bit of a niche market in the UK, but it's still surprisingly busy. Until recently, the Suzuki Jimny Commercial was the entry point to the sector, while cars such as the Land Rover Defender Hard Top and Discovery Commercial, plus the Ineos Grenadier Commercial offer a bit more versatility. Now there's another option to choose from in the shape of the Toyota Land Cruiser Commercial. With prices starting from around £50,000 it's a close match for its Land Rover and Ineos rivals. Advertisement - Article continues below Toyota is marketing the Land Cruiser Commercial as a halo model for its Toyota Professional line-up of commercial vehicles. The previous generation was a popular machine that had strong residual values due to its limited supply and high demand, while updates during its life saw it go from a basic machine to one that was relatively well equipped. This time around, Toyota has gone in at the higher-grade end of the market from launch, with the Land Cruiser Commercial featuring kit that comes close to matching the SUV version's. Skip advert Advertisement - Article continues below View 500 View Golf View 3 Series View Q3 The Commercial model is built in Japan on the same production line as the SUV, but as with the Toyota Corolla Commercial that's made in the UK, Land Cruisers that are destined to be converted are assembled without rear seats, belts or anchor points so that they meet UK commercial vehicle legislation. They are then shipped to Toyota's manufacturing facility at Burnaston, Derbyshire, specifically the Business Revenue Centre, where they are fitted out with the equipment to turn them into a commercial vehicle, comprising a flat floor section, steel mesh bulkhead and opaque window blanks. There's just one version of the Land Cruiser Commercial offered, and it comes in a specification that's not quite as plush as the Invincible-grade SUV, but is still very well equipped for a commercial vehicle. Uncommon tech includes heated and ventilated electrically adjustable seats trimmed in artificial leather, two-zone climate control, a powered tailgate, front and rear parking sensors and a reversing camera. Advertisement - Article continues below Power comes from the same 2.8-litre four-cylinder turbodiesel as in the SUV, a unit which is shared with the Hilux pick-up truck. In fact, the Land Cruiser uses the same chassis and running gear as the Hilux, although it replaces the leaf spring set-up with a four-link system, while the pick-up's six-speed automatic gearbox is replaced by an eight-speed auto. The Land Cruiser features permanent four-wheel drive with low-range gears, plus a rear diff lock that allows for 50:50 power distribution front and rear, hill-start assist and a crawl mode for the cruise control. Skip advert Advertisement - Article continues below You can now buy vans with Auto Express! Take a look at our Marketplace for the very best van offers from our massive network of dealers ... Stop-start fitted as standard Big fuel tank for a long range Better BiK costs than a pick-up truck Less than 30mpg official fuel economy Only one trim level offered No hybrid version - yet There's just one version of the Toyota Land Cruiser Commercial offered, and the only options that will bump up a list price of around £51,000 ( are black metallic paint, illuminated scuff plates or a tow bar. The Commercial model is a unique trim level that has some of the kit that comes with the Invincible SUV, so it's generous for a work model. Highlights include 18-inch alloy wheels, LED lights all round, synthetic leather upholstery with heated and ventilated seats, electric adjustment for the driver's seat, two-zone climate control, front and rear parking sensors and a reversing camera, keyless entry and starting, a nine-inch touchscreen infotainment screen with smartphone connectivity and a full suite of Toyota Safety Sense systems. Advertisement - Article continues below Official fuel economy is quoted at 26.6mpg combined, which isn't very efficient, but then this is a 2.3-tonne 4x4. In comparison, Toyota quotes 26.4mpg combined for the SUV variant. There's an 80-litre fuel tank on board, so a range of more than 450 miles is possible if you can match the official fuel economy figure. Skip advert Advertisement - Article continues below One area where the Land Cruiser Commercial offers benefits over a double-cab pick-up is taxation. While trucks now pay Benefit-in-Kind rates based on emissions, commercial 4x4s still qualify for the commercial vehicle rate, which is fixed at a far lower percentage. If you can make one of these two-seat models work for your business, then it could be a cost-effective purchase. Large, flat cargo area behind seats Accessible from the rear and the sides Can tow the maximum weight permissible Clear tailgate glass leaves cargo visible No hidden storage under the floor Cargo volume isn't as big as a dedicated van's Commercial 4x4s offer some compromise in terms of cargo carrying, because they balance the need for off-road driving with the amount that they can carry. But given that the Land Cruiser Commercial is based on an already large SUV, it offers a decent capacity. Measuring nearly five metres long, the Land Cruiser is actually slightly shorter than the platform-sharing Hilux pick-up. At just under two metres wide and 1.925 metres tall, the commercial model is quite imposing, and it means there's a decent amount of space on board. Advertisement - Article continues below To create the cargo area, Land Cruisers are shipped, minus their back seats, from the production line in Japan to Toyota's UK plant, where they are fitted out with the equipment they need to qualify as a commercial vehicle. This includes a fixed steel mesh bulkhead and a floor section where the rear seats would sit, creating a completely flat load area. The finishing touch is a set of steel window inserts that are mounted on the inside of the side windows, so the Land Cruiser's SUV look isn't spoiled. Skip advert Advertisement - Article continues below Total cargo volume is quoted at 2,000 litres (two cubic metres), which is the same figure quoted for the SUV. However, without the need to make space for folding seats, the Commercial model offers a more practical cargo area overall. The maximum length of the load area is 1,685mm from the bulkhead to the tailgate, while there's up to 1,286mm available from side to side, and an overall height of 1,090mm. One area where the Land Cruiser Commercial falls behind a pick-up is in terms of payload weight. There's a maximum of 810kg on offer, so that should be plenty for most needs, if not quite up to the one-tonne threshold that most pick-ups can carry. However, the counter to this is that the Land Cruiser doesn't need the same beefy rear suspension set-up, so that benefits the car's ride. Advertisement - Article continues below Accessing the cargo area is simple, with the side doors allowing you to reach into the section behind the bulkhead without having to stretch. There's a powered top-hinged tailgate at the back, but the Land Cruiser's ride height does mean the cargo floor is set quite high, though. There is separately opening tailgate glass, though, which allows you to access the cargo space in tight spots. Skip advert Advertisement - Article continues below If you're looking for a tow vehicle, then the Land Cruiser Commercial is able to haul the maximum permissible weight of 3.5 tonnes. However, the 202bhp diesel isn't the strongest powerplant for pulling the heaviest loads, but at least permanent four-wheel drive is there to ensure traction is good. The Land Cruiser's six-cylinder rivals will likely make lighter work of towing a trailer or caravan. Proven running gear is used under the skin Service-activated 10-year warranty is available Toyota Safety Sense boosts active safety Some of the safety systems are sensitive in their operation Tailgate and mesh bulkhead leave load area visible Standard warranty is only three years without Toyota servicing Converting the Land Cruiser SUV into the Commercial version largely focuses on the rear passenger space, so the 4x4's suite of safety kit is carried over wholesale. This includes Toyota Safety Sense, which is a suite of electronic driver aids that includes adaptive cruise control, road-sign recognition, lane tracing and departure warning, plus a pre-collision system that prepares the car's electronics for a potential collision. On top of this, there's autonomous emergency braking, a blind-spot monitor, safe-exit alert and trailer-sway control for towing. Advertisement - Article continues below Permanent four-wheel drive ensures grip in slippery conditions, while low-range gears boost the Land Cruiser's ability, too. A special Crawl Control setting allows you to set a low speed for traversing rocky terrain, with the speed controlled via the rotary drive selector on the dashboard. Tyre-pressure monitors are fitted as standard, as is a full-size spare wheel. Skip advert Advertisement - Article continues below The Land Cruiser Commercial comes as standard with a perimeter alarm with double locking and an engine immobiliser, while sensors can detect if a window is broken or the vehicle tilts as if it's being towed away. The Commercial model's steel window guards are mounted internally and boost protection, although this is offset by the clear tailgate glass and the mesh steel bulkhead. Reliability is a cornerstone of Toyota's reputation, and it's something that the Land Cruiser Commercial should be able to deliver with ease. As with the whole Toyota Professional commercial vehicle line-up, the Land Cruiser has a three-year warranty as standard, but this can be extended to 10 years or 100,000 miles with annual servicing at an approved Toyota service centre. Smooth ride and refined at motorway speeds Torquey diesel feels strong at lower revs Off-road performance is excellent Noisy engine when you work it hard Over-the-shoulder visibility could be better Some safety systems are over-active One area where the Land Cruiser Commercial has a distinct advantage over a double-cab pick-up truck is driving comfort. While the Land Cruiser shares its platform with the Hilux, it's designed as a passenger carrier first and foremost and doesn't need to carry a one-tonne payload, so Toyota has fitted it with four-link rear suspension instead of leaf springs. That results in a far more comfortable ride with none of the bouncing that's associated with trucks such as the Toyota Hilux. Advertisement - Article continues below Skip advert Advertisement - Article continues below In fact, the driving experience is largely similar to that of the SUV variant, with decent comfort, especially at higher speeds, although a Land Rover Defender with air suspension will still be a better option for a refined ride. There are Eco and Sport modes, although with the former it always feels like you have to put in more effort to achieve the same results; at least Sport mode gives some added response. The diesel engine is noisy when pushed, though, but the eight-speed gearbox (compared with a six-speed unit for the Hilux) has smooth shifts and helps to keep the engine within its power band, so it only really becomes an issue if you're accelerating hard. Around town, the Land Cruiser is slightly shorter than a Hilux, so it's a bit easier to manoeuvre, although it is still nearly five metres long. Unlike the SUV, the Commercial doesn't have 360-degree cameras, but front and rear parking sensors and a reversing camera will help in tight spots, as does the light steering, which is surprisingly easy to turn from lock to lock. One issue that we found with the Land Cruiser Commercial is the restricted visibility that the side window blanks offer. It's no more pronounced than you'll find in a panel van, but it does make it harder to check over your shoulder for obstacles. At higher speeds the Land Cruiser Commercial is just as capable as its SUV sibling. The ride is smooth, the engine settles to a distant hum once you're up to the national limit and there isn't much in the way of wind or road noise, either. With permanent four-wheel drive and low-range gears, the Land Cruiser Commercial is a capable off-road machine. An electronic diff lock is included to split power 50:50 between the front and rear axles, while there are hill-descent and uphill-start assist systems on offer, too. Advertisement - Article continues below Skip advert Advertisement - Article continues below Another neat feature is Crawl Control. This is selected via a dashboard button, and is a low-speed cruise control that maintains a set speed for tricky conditions, allowing you to concentrate on steering. It ranges in speed from 1-5mph, and the car's electronics apply power or braking to maintain the same speed, even over rocks or sand, while you can adjust the car's speed on the fly by using the rotary drive mode selector on the dashboard when Crawl Control is selected. Comfortable seats with plenty of adjustment Premium switchgear for a commercial vehicle Decent cabin storage on the dash and doors Strictly a two-seat commercial vehicle Some shiny plastics might not stand up to scratching Touchscreen system isn't the most intuitive to use With its obviously car-derived roots, the Land Cruiser Commercial is a cut above your average work van when it comes to material quality. It's not quite on a par with a Land Rover Defender, but it's plusher than the Ineos Grenadier and most pick-up truck rivals. Artificial leather seats boost the cabin's appeal, while the chunky switchgear adds a rugged look. One obvious difference between the SUV and Commercial model is the addition of a cheap-looking plastic blank that covers the rear electric window switches on the driver's door – these are no longer wired up and are covered to prevent accidental presses, even though nothing will happen if you do. There are different grades of plastic throughout the interior, although the gloss-black finish on the centre console is likely to get scratched easily – we'd prefer it if the Commercial model used the same matt silver finish that the Invincible SUV features. Advertisement - Article continues below Skip advert Advertisement - Article continues below There's a decent amount of seat adjustment on offer, with the driver's seat being electrically adjustable. The steel mesh bulkhead is set a little further back than you might find in a panel van, so taller drivers with long legs should be able to set the seat back without it butting into the bulkhead. Reach and rake adjustment comes as standard on the steering wheel, too. Head and elbow room are good, while cabin storage is a match for that of the SUV variant. You get twin cup-holders next to the drive selector, plus a tray ahead of them to put a smartphone; this space has wireless charging on the SUV, but that's not offered here. The door bins are deep and the glovebox is handy, while the rear doors still have their standard cards, so there are extra bins for smaller items. There's a nine-inch touchscreen display in the Land Cruiser Commercial, so it's around three inches smaller than the system found in the SUV. Because it takes up less space in the same binnacle, there's extra gloss black plastic to either side of the screen. The display itself features all of the usual kit, such as sat-nav, a DAB radio, Bluetooth and smartphone connectivity. There is a column of shortcut buttons to the left of the screen to get you back to the home screen, adjust the audio volume or scroll through the different settings. Advertisement - Article continues below Skip advert Advertisement - Article continues below The home screen itself is split into four columns that help direct you to convenient functions, but some of the sub-menus can be a little messy and distracting. At least the climate controls are in a separate section below the screen, with a row of toggle buttons and a traditional digital display to operate it. There's a digital driver's display, too, which has fixed water temperature and fuel gauge read-outs on either side, with a small screen between them. This is configurable to show different information via the steering wheel, although the small keys are a little fiddly to use. We've already mentioned the Toyota Land Cruiser Commercial's rivals, with the Ineos Grenadier Commercial and Land Rover Defender Hard Top both starting at a similar price point. Of the two, the Grenadier is the one to choose if off-road driving will be your priority, while the air suspension that's fitted as standard to the Defender boosts its comfort and refinement on the road. It's also a much plusher machine from behind the wheel, with more premium materials and upmarket switchgear than either the Toyota or Ineos – we'd argue that the Land Cruiser Commercial falls between the two of them in terms of quality. Advertisement - Article continues below Skip advert Advertisement - Article continues below One advantage that the Defender has over its competitors is two different body lengths, called 90 and 110. The numbers hark back to the classic Defender, but overall the two variants are a lot bigger. The Discovery Commercial uses largely the same running gear as the Defender Hard Top, but just comes with a five-door body, while the cabin is a step further upmarket, and it's more expensive. All of these models come with torquey six-cylinder engines, so towing should be a breeze. If you're after a towcar, then a double-cab pick-up truck is worth considering. As well as the Ineos Quartermaster (which is basically the Grenadier but with an open rear bed), the pick of the trucks is the Ford Ranger, with the Volkswagen Amarok and the Toyota Hilux (which uses the same chassis as the Land Cruiser) also worth considering. However, beware of business rates for double cabs – because they now pay Benefit-in-Kind tax based on their emissions, they will be costlier to run as a company car. If you can live with the two-seat configuration of a commercial 4x4, it will make better financial sense. Body style Height Width Length Land Cruiser Commercial 1,925mm 1,980mm 4,925mm Body style Height Width Length Volume Land Cruiser Commercial 1,090mm 1,286mm 1,685mm 2.0m3 As with the SUV, the Land Cruiser Commercial offers a decent range of ability. It's not the ultimate off-roader, but offers more than enough for commercial vehicle users to get to remote locations without much fuss. There's a mechanical diff lock as standard, while the electronics offer clever settings that take the strain out of off-road driving, although we'd recommend adding all-terrain tyres to make the most of its ability. As with the whole Toyota Professional commercial vehicle line-up, the Land Cruiser Commercial has a three-year/60,000-mile warranty as standard. However, just like the company's passenger cars (including the Land Cruiser SUV) this can be extended up to 10 years or 100,000 miles (whichever comes sooner) with annual servicing at a main dealer. Some drivers aren't fans of the latest safety tech that's fitted to modern cars, although manufacturers do offer the option to deactivate settings. It's easier to do on some cars than on others, and in the Land Cruiser Commercial it's a bit fiddly. You have to select the assistance settings in the instrument binnacle via the controls on the multifunction steering wheel, and some are a bit of a scroll along to find. Once on the setting you need, just press OK to activate/deactivate. However, you will have to do this every time you start the car. Buy your next van with Auto Express. Our nationwide dealer network has some fantastic cars on offer right now with plenty of deals to choose from... Share this on Twitter Share this on Facebook Email
The Sun
23 minutes ago
- The Sun
Major rule change for firms like PayPal and Revolut to protect millions of customers' cash
MILLIONS of people using payment firms will see their cash better protected due to a major rule change. The Financial Conduct Authority (FCA) is set to enforce new practices to ensure shoppers are offered bigger refunds, and with fewer delays, if a payment firm goes bust. 1 The new rules, affecting those using firms like PayPal, Revolut and Wise, come into force from May 7, 2026. The rules will oblige payment firms to prove customer's money is protected through monthly reports. Firms will also have to be audited once a year to ensure they are safeguarding funds, carry out daily checks to keep records of funds and put risk management practices in place so customers' cash is protected should they go out of business. The FCA said it is giving industry nine months until the new rules kick in so it has enough time to prepare. It also said the audit rule will not apply to firms holding less than £10,000 in customer funds. Funds held by payment and e-money firms are not protected by the Financial Services Compensation Scheme (FSCS), which entitles you to compensation of up to £85,000 if a financial services firm fails. Instead, they are responsible for safeguarding customers' funds themselves. But this has historically led to money being lost or delays in refunds being issued when firms have gone out of business. A number of payment firms went bust between 2018 and 2023, leaving customers short of cash. Firms that became insolvent, when a business cannot afford to repay its debts, over this five-year period had average shortfalls of 65% of their customers' funds. I chase refunds for a living - how to get your money back Matthew Long, director of payments and digital assets, FCA, said: "People rely on payment firms to help manage their financial lives. But too often, when those firms fail, their customers are left out of pocket. "Most of those who responded to our consultation agreed we need to raise standards to protect people's money and build trust, but any changes needed to be proportionate, especially for smaller firms. "We'll be watching closely to see if firms seize the opportunity and make effective improvements that their customers rightly deserve – this will help us to determine whether any further tightening of rules is necessary." It comes after the FCA launched a consultation looking at safeguarding practices among payment firms last September. Firms were given until December that year to offer their thoughts on the consultation. Payments firms, also known as payment service providers (PSP), are third-party companies that facilitate electronic payments for businesses through various payment methods. Customer use of them has risen in recent years. The FCA's 2024 Financial Lives Survey revealed that the percentage of people using them had grown from 1% in 2017 to 12% in 2024. It also found roughly one in 10 e-money holders in the UK was using e-money accounts as their main day-to-day transactional account. The Sun asked PayPal, Revolut and Wise to comment. FCA consulting on car finance mis-selling compensation scheme MILLIONS of drivers are set to get £950 car financing compensation after the FCA launched a consultation. The regulator confirmed on Sunday it will consult on a redress scheme for motorists stung by extra charges and interest. This follows the Supreme Court's decision last Friday to overturn a ruling that accused companies of breaking the law by not telling borrowers about "hidden" commission payments. Claims about "commission disclosure complaints" impact up to 99% of car finance agreements. However, the UK's highest court sided with the banks, meaning they avoided the possibility of having to pay compensation to millions of drivers over these complaints. Despite this, drivers who took out personal contract purchase (PCP) or hire purchase agreements may still be eligible for compensation, along with those who were subjected to "excessive" commission charges. This is because the FCA has been investigating and considering a financial redress scheme for car finance agreements made before 2021. These claims focus on "discretionary commission arrangements" (DCAs), which applied to 40% of car finance deals. Under DCAs, brokers and dealers could increase the interest rates charged to borrowers without informing them. By doing this, they earned higher commissions. The financial watchdog has now confirmed plans to consult on an industry-wide compensation scheme. This consultation is set to begin by early October, and if the scheme is approved, the first payments could be made in 2026.
Reuters
25 minutes ago
- Reuters
Highly divided Bank of England cuts rates, pound jumps
LONDON, Aug 7 (Reuters) - The Bank of England (BoE) on Thursday lowered UK interest rates by a quarter point, marking its fifth cut in 12 months, although nearly half of its policymakers voted to keep borrowing costs unchanged, giving the pound a boost. Difficulty reaching an agreement meant the Monetary Policy Committee had to hold two rate votes for the first time in its history. With the MPC split over how to respond to an inflation rate that the BoE forecasts will soon be double its 2% target and a recent worsening of job losses, Governor Andrew Bailey and four colleagues backed lowering the bank rate to 4% from 4.25%. MARKET REACTION: FOREX: The pound was last up nearly 0.5% on the day at $1.3413, having traded around $1.3785 before the decision. The euro fell against sterling to 87.01 pence, down 0.3%. STOCKS: The FTSE 100 (.FTSE), opens new tab extended losses to trade down 0.7% on the day. FIXED INCOME: Two-year gilt yields were at 3.874%from 3.844% earlier, up 4.5 basis points from Wednesday's close. COMMENTS: PHILIP SHAW, CHIEF ECONOMIST, INVESTEC, LONDON: "It's not so much the decision to cut rates by 25 basis points that is the main talking point, it's the extent to which the Committee is divided, that resulted in the first re-vote in the MPC's history." "Essentially the committee collectively is more concerned with the pace of disinflation, and that resulted in less willingness to cut rates across members than we had believed. We are still for now forecasting a 25-bp cut to rates in November, but clearly we could be looking at a another very finely balanced decision and the outturn will of course depend on the data between then and now." "Today's rate cut is no surprise, but the path forward is anything but clear." "Jobs, growth and inflation figures all call for different policy prescriptions, as reflected in the unprecedented two rounds of voting needed to reach a majority. Given the uncertainty presented by the conflicting data, the committee is right to stick to its 'gradual and careful' mantra." "Nervousness about the labour market might prompt another cut in November. But this will be difficult to justify unless disinflation is clearly underway. As such, we think there is a decent chance rates will not fall below the current rate of 4% this year." JULIUS BENDIKAS, EUROPEAN HEAD OF ECONOMICS AND DYNAMIC ASSET ALLOCATION, MERCER, LONDON: "The economy remains weak on the back of growing pressure on the government to meet its fiscal rules through a combination of higher taxes and reduced spending, and tariff-related headwinds. The labour market is weak, but inflation and wage growth are elevated. So the Bank faces a dilemma as the former argues for lower interest rates, while the latter doesn't. Our view is that the Bank will follow today's cut with further gradual interest rate reductions over the next few quarters." JEREMY BATSTONE-CARR, STRATEGIST, RAYMOND JAMES INVESTMENT SERVICES, FRANCE: "The decision to cut rates again was far from unanimous, passing with a razor-edge 5-4 majority. In couching its accompanying commentary, the Bank sent a strong signal on its perception of the trajectories for economic activity and inflation in coming months - and by extension the interest rate pathway. The key takeaway was the Bank maintaining its long-standing 'gradual' and 'careful' wording ... Going forward, further disagreements should be anticipated as member's positions become increasingly entrenched, reflecting the increasing divergence of key data points."
