Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Airbus Joins Air India A320 Altitude Drop Probe 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
OpenAI Restricts Astra AI Over Cyberattack Risks 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
US Judge Dismisses Gautam Adani Criminal Charges 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Chanel, Hermes, and Nike have made changes to rectify what were cited as unfair business practices concerning customers. The changes were In response to a review by the Fair Trade Commission (FTC), the nation's antitrust agency,
The FTC deemed certain terms imposed by the brands as "unconditional" and in violation of local laws on contract terms, as per Korea Times.
FTC Upholds Customers' Rights
Chanel Korea announced that it would no longer deprive customers of their memberships based on presumed shopping patterns aimed at reselling. Similarly, Nike Korea stated that it would restrict orders or cancel contracts with customers only if the company believes that the customer's intent is to resell the products.
Disputing the brands' claims that resale could cause harm to other customers, the FTC firmly asserted that customers have the right to decide whether to resell the products in question. The antitrust agency maintained that the restriction of resale by the brands contradicted local laws, which safeguard customers' autonomy over their possessions.
In light of the FTC's review, Chanel, Hermes, and Nike addressed a total of 10 unfair terms concerning customers. Additionally, the FTC ordered the brands to rectify other unjust terms discovered as well.
Editing Reviews and Copyright Infringement
Chanel previously retained the right to edit online product reviews, while Nike possessed rights over reviews posted by customers. The FTC argued that such terms could potentially infringe on the copyrights held by customers. To comply with the FTC's order, both brands revised their policies to require consent from customers for the use of their online reviews.
Customers' Data Protection
Adding to Chanel Korea's recent compliance issues, the brand was fined 3.6 million won ($2,770) by the Personal Information Protection Commission for improperly collecting personal information from customers, according to Korea Joongang Daily. The violations included the collection of birth dates, residence locations, and contact numbers from customers waiting in line at an offline Chanel store.
Photo: Craig Lovelidge/Unsplash
