Blackstone Netted €9.8 Billion for Europe Property During Crash
Blackstone Inc. has raised the largest ever pool of external capital for a European real estate fund, narrowly surpassing its own previous record against the backdrop of a severe property market correction.
The private equity firm hauled in €9.8 billion ($10.8 billion) for Blackstone Europe Real Estate Partners VII after a two-year fundraise that took place as asset values plunged in response to the end of ultra-low interest rates.
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Time Business News
4 hours ago
- Time Business News
How to Stay Compliant Amid Amazon's Growing Focus on Allergen Labeling
Selling on Amazon used to be about standing out. Now it's equally about staying compliant. As regulations tighten across global markets, Amazon is placing greater emphasis on product safety, and allergen labeling has moved to the front of the line. Undeclared allergens can trigger life-threatening reactions for consumers. This is why Amazon now demands clear, verified allergen disclosures across many product categories, from supplements and skincare to packaged foods. Sellers who overlook these rules risk listing delays, account suspensions, or far more serious legal trouble. Here, we break down Amazon's evolving allergen compliance requirements, the products affected, which allergens must be disclosed, and how sellers can meet Amazon's demands before risking costly disruptions. Allergen compliance on Amazon is no longer optional or negotiable. The platform's increasing focus reflects broader regulatory and public health concerns worldwide. Food allergies are rising globally. For sensitive individuals, even trace exposure to allergens can cause severe reactions. Regulatory agencies expect retailers—online or brick-and-mortar—to ensure proper disclosures that protect consumers. Amazon's allergen rules are designed to reduce these safety risks. Amazon operates internationally and must comply with laws set by agencies like the FDA (U.S.), EFSA (EU), Health Canada, and others. As these regulators increase enforcement on allergen mislabeling, Amazon proactively adjusts its own compliance policies to stay aligned. When undeclared allergens trigger safety incidents, both the seller and Amazon may face regulatory investigations or lawsuits. Strengthening allergen compliance helps Amazon reduce legal exposure while preserving consumer trust. Allergen labeling requirements don't apply to every category equally. Amazon's policies focus on high-risk product groups that pose ingestion or dermal contact risks. Supplements often contain ingredients derived from major allergens like soy, shellfish, dairy, or nuts. Amazon requires sellers to fully disclose all potential allergens both on the product label and within Amazon's listing backend. While applied externally, many skincare products contain ingredients that may trigger allergic skin reactions. Formulations using nut oils, wheat proteins, soy extracts, or egg derivatives may fall under allergen disclosure policies. Amazon's food and grocery listings demand full allergen labeling in line with regional food safety laws. This includes both intentional ingredients and possible cross-contamination risks during manufacturing. Amazon's allergen requirements reflect regional regulations that differ by country. Sellers listing products across multiple Amazon marketplaces must comply with each market's allergen lists. In the United States, Amazon sellers must disclose the following major allergens: Milk Eggs Fish Crustacean shellfish Tree nuts Peanuts Wheat Soybeans Sesame (officially added in 2023) European regulations expand this list further. In the EU and UK, sellers must disclose 14 allergens, which include: Gluten-containing grains (wheat, barley, rye, oats) Lupin Celery Mustard Sulfites (above specific thresholds) Mollusks (alongside crustaceans) Other markets have unique allergen lists. For example, Canada includes sesame, mustard, and sulfites under its priority allergen list, while Japan has its own set of required disclosures. Sellers must verify requirements for each Amazon marketplace they serve. Amazon enforces allergen compliance through both product documentation and its listing creation process. Product labels must include visible allergen declarations following each market's regulatory format. In many regions, allergens must be bolded or listed in separate 'Contains' statements to ensure clarity for consumers. Amazon may require sellers to submit certificates of analysis (COAs), ingredient specifications, and supplier documentation verifying allergen content or absence. Some sellers may also need manufacturing allergen control plans if requested during compliance reviews. During listing creation, Amazon's product attribute forms often include mandatory allergen declaration fields. Sellers must complete these fields truthfully to ensure alignment between backend data and physical labeling. Inaccurate or incomplete allergen disclosures expose sellers to serious consequences, both within Amazon's platform and under local regulatory laws. Amazon may block new product listings or suspend existing ASINs if allergen data is missing, inconsistent, or conflicts with submitted documentation. Resubmissions can delay sales and impact seller metrics. Undeclared allergens that lead to consumer reactions may result in lawsuits, class actions, or FDA enforcement. Sellers remain legally responsible for the safety of their products, even when fulfilled through Amazon. Sellers who repeatedly violate allergen policies risk escalated audits, Amazon account reviews, or permanent bans from selling in certain markets. Working with accredited laboratories offers sellers defensible allergen verification that supports Amazon submissions and reduces compliance risk. Labs use methods like ELISA (enzyme-linked immunosorbent assay), PCR (polymerase chain reaction), or mass spectrometry to detect even trace levels of allergens. This ensures both intentional ingredients and potential cross-contamination risks are properly identified. Labs help manufacturers assess whether shared production equipment or supplier raw materials may introduce unintended allergens into finished products. Expert labs generate clear allergen testing reports, manufacturing allergen control statements, and supporting documents that align with Amazon's compliance documentation standards. Regulatory requirements shift frequently. Expert labs stay current and guide Amazon sellers through these changing allergen compliance landscapes. Labs help sellers align allergen disclosures across multiple Amazon marketplaces, ensuring that products remain compliant whether sold in the U.S., EU, Canada, or Australia. Labs assess supplier facilities to verify allergen control protocols, manufacturing segregation, and cleaning procedures that prevent accidental cross-contact. For sellers requiring periodic verification—especially those using shared production facilities—labs offer batch-by-batch testing programs to confirm ongoing allergen compliance before shipping inventory to Amazon warehouses. Allergen labeling is a high-stakes compliance issue that directly affects consumer safety, regulatory standing, and a seller's ability to maintain active listings. Accurate allergen disclosure backed by verified laboratory testing ensures sellers meet Amazon's growing compliance demands while protecting both their customers and their Qalitex to schedule allergen testing and secure fully documented compliance for your Amazon listings across all global marketplaces. TIME BUSINESS NEWS
Yahoo
12 hours ago
- Yahoo
This Airline Is Going to Start Handing Out $675 Fines to 'Unruly' Passengers: 'It Is Unacceptable'
European airline Ryanair has announced that passengers it removes from its flights for "unruly behavior" will now face an additional fine The fine for £500 — more than $675 — will be presented to anyone whose behavior "results in them being offloaded from the aircraft" 'It is unacceptable that passengers are made to suffer unnecessary disruption because of one unruly passenger's behavior," an airline spokesperson said in a statementA major European airline announced this week that passengers who are removed from flights for "unruly behavior" will now face an additional fine in an effort to crack down on what it calls "unacceptable behavior." On Thursday, June 12, Irish airline Ryanair revealed that it is introducing a £500 fine — more than $675 — to any passenger "whose unruly behavior results in them being offloaded from the aircraft." The newly implemented fines from Ryanair, which calls itself Europe's "most punctual airline," take on an "industry-wide issue affecting all airlines," the airline said in its release. The "minimum" fine comes as the airline vows to "continue to pursue disruptive passengers for civil damages." 'It is unacceptable that passengers are made [to] suffer unnecessary disruption because of one unruly passenger's behavior," a spokesperson for the airline said in a statement. "To help ensure that our passengers and crew travel in a comfortable and stress-free environment, without unnecessary disruption caused by a tiny number of unruly passengers, we have introduced a £500 fine, which will be issued to any passengers offloaded from aircraft as a result of their misconduct." "While these are isolated events which happen across all airlines, disruptive behavior in such a confined shared space is unacceptable, and we hope that our proactive approach will act as a deterrent to eliminate this unacceptable behavior onboard our aircraft," the spokesperson added. PEOPLE reached out to Ryanair for comment but did not receive an immediate response. Michael O'Leary, Ryanair's CEO, previously argued that passengers should be limited to two drinks at airports, telling the Daily Telegraph in August that authorities "don't allow people to drink-drive, yet we keep putting them up in aircraft at 33,000ft." "In the old days, people who drank too much would eventually fall over or fall asleep. But now those passengers are also on tablets and powder," he said. "It's the mix. You get much more aggressive behavior that becomes very difficult to manage." Back in January, the airline took legal action against a passenger in Ireland, seeking £12,500 — or roughly $17,000 — claiming that they disrupted a flight to the Canary Islands, per The Guardian. The 160 passengers on board had to 'face unnecessary disruption as well as [lose] a full day of their holiday," the company said at the time, according to the outlet. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Over in the U.S., unruly passenger incidents reported to the Federal Aviation Administration peaked in 2021, when 5,973 were reported. A total of 2,102 were reported in 2024, with 699 accounted for so far in 2025. From 2021 to 2023, the FAA levied a total of $20.9 million in fines against "unruly" passengers. Unruly passengers can face a felony conviction if referred to the FBI, fines of up to $37,000 per violation and be placed on an airline's internal no-fly list. "Former FAA Administrator Mike Whitaker reiterates that the FAA has zero tolerance for unruly passenger behavior. Dangerous passengers put everyone at risk," the agency shared in a statement on its website. "Threatening or violent behavior can distract and disrupt crew members from their primary responsibility — to ensure the safety of all passengers." Read the original article on People
Yahoo
13 hours ago
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Tender Store Owner Cheryl Daskas Dies at 71
Funeral services were held in Troy, Mich., on Friday for Cheryl Daskas, a former model who ran the directional fashion boutique Tender. The cause of death for Daskas, who died on June 9, was not immediately known, according to the publicist Ellen Carey, who was a friend. Daskas had seemed 'fine' while working in the store on Saturday, aside from complaining of a leg issue, Carey said. She was found 'peacefully' at her home, following a wellness check by one of her employees, Carey said. More from WWD Groundbreaking Fashions Focus of Tokyo Exhibition Suite Talk: Frank Darling's Kegan Fisher on Making the Move From Tech to Art The History Behind the World's Most Expensive Tiaras: From Elizabeth Taylor's Mike Todd Headpiece to the $12.7 Million Henckel von Donnersmarck Tiara and More Born in Detroit, the 71-year-old spent her career in the fashion industry in different capacities. For the past 32 years, she owned and operated the store Tender in Birmingham, Mich., with her sister Karen. Tender is known for its European designer labels, which prior to the store's opening were not in abundance in the Midwest. The pair owned the downtown building that houses Tender, and they shared a home as well. Daskas earned a bachelor's degree at Michigan State University before getting into fashion. During her high school and college years, she modeled for the Ford Motor Company, Hudson's department store and other brands, before deciding 'that's not where she was going to make her money,' her sister said. 'She said it was like looking for a job every day of your life. Our mother was a model too. She was British and Scandinavian. They were both so pretty.' Tender once resided next door to a leading designer retailer Linda Dresner. After Dresner shuttered that store, Tender picked up Dries Van Noten. It also sells Erdem, Simone Rocha and Ashlyn, a 2025 CFDA/Vogue Fashion Fund finalist, for its 3,000-square-foot shop. Lanvin was once a strong seller there, during the Alber Elbaz years, Carey said. With pale blue walls, architectural displays and top-shelf names, Tender looks more like the type of a polished retailer one finds in Manhattan or Los Angeles. Ashlyn's managing director Johanne Shepley Siff met the sisters 30 years ago in her former role as senior vice president of sales and marketing at Prada. Siff said, 'We've lost one of the gems of the specialty store business. Cheryl was a force. I called her a 'textile archeologist.' She could immediately identify products of integrity.' Sift added, 'Tender is one of the opinion leaders, and one of the go-to retailers at the high-end specialty store. They not only take the risk to identify emerging talent, but they also have the structure and wherewithal to introduce that talent to a customer they have cultivated to appreciate new talent.' Accustomed to working six days a week, Cheryl Daskas would arrive at 8:30 am, if a customer requested that. The co-owners called their store employees 'Tender-ettes,' and they stayed connected with those past and present through the years, Karen Daskas said. 'Cheryl loved what she did. It was not about her or Tender. It was always about everybody else doing well,' Karen Daskas said. 'She had this gift, where she could look at someone and immediately know what size they were and what types of clothes would look good on them. And you didn't have to be a size four. You could be any size. She was just going to make you look great and feel the best that you can be.' With a larger-than-life personality, she was recognizable for her auburn cropped hair, broad smile and designer outfits. 'She was very tall and grand. When she came into a room, she stole the show,' Carey, who owns Seed Inc., said. Even in the early 1990s, the sisters understood the importance of retailers working closely with manufacturers to create items that would appeal to their customers. They took a highly personal approach to helping shoppers in the store and were also loyal supporters of the arts community through events and philanthropy in Birmingham, Carey said. Recalling how they collaborated on vintage jewelry shows at Tender on occasion, Carey said, 'Cheryl could sell like no one else could. Her heart was 100 percent in everything she did. Why do you want to do something if you're not going to do it well?' They would typically sell 150 of 200 items during a two-day sale. Kenneth Jay Lane items were of particular interest to shoppers and to Daskas, who would set aside five pairs of earrings for herself, Carey said. 'I would say, 'Cheryl, these are for the customers,' and she would say, 'Well, I'm a customer.'' But she wore them during the trunk show sales, and she was the showpiece, Carey said. 'And you're going to want them, if she's wearing them. Karen would not have done that. Karen would have sold them.' While Cheryl Daskas handled front-of-the house sales and the store's social media, Karen Daskas managed the buying trips. Off the clock, Cheryl Daskas enjoyed gardening, relaxing poolside, grilling and sharing meals and binge-watching shows with her sister. 'Every night we would tell eachother we loved eachother and give eachother a hug. We never fought except for a couple of sister squabbles,' Karen Daskas said. 'It's just a shock. We never got married and we didn't have kids. We have two little Kerry Terriers 'Whiskey' and 'Gogo.'' Daskas is survived by her sister. Best of WWD Kate Middleton's Looks at Trooping the Colour Through the Years [PHOTOS] Young Brooke Shields' Style Evolution, Archive Photos: From Runway Modeling & Red Carpets to Meeting Princess Diana The Most Memorable French Open Tennis Outfits With Serena Williams, Naomi Osaka & More [PHOTOS]
