Widespread Safety Issues Identified at Bangladesh Clothing Factories

The collapsed Rana Plaza building in Savar | Source: Reuters

Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited as part of an initiative launched after a building collapse last year killed more than 1,100 workers.

…Continue Reading

South Korea Powers Up Duty-Free Sales as China Tourism Magnet

A woman leaves a shopping mall in central Seoul | Source: Reuters

Already the world’s biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops, doubling down on a strategy that has helped it outstrip regional rivals seeking to reel in shopaholic Chinese tourists.

…Continue Reading

Russia’s VTB Capital Closes in on Roberto Cavalli

Italian designers Roberto and Eva Cavalli | Source: Reuters

VTB Capital, the investment arm of sanctioned Russian lender VTB Bank, has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said.

…Continue Reading