Garment manufacturing is global. But the rules that protect workers are not, creating a race to the bottom amongst poor countries aiming to attract foreign investment with the lowest wages and flimsiest safety standards. In the wake of recent tragedies and protests in Bangladesh, Cambodia and Haiti, it’s time for a global minimum wage, argues Tansy E. Hoskins.
MILAN, Italy — Prada is being investigated by Italian prosecutors for possible tax evasion after the luxury- goods company disclosed undeclared taxable income, a person with knowledge of the probe said.
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
LONDON, United Kingdom — Marks & Spencer Group Plc Chief Executive Officer Marc Bolland doesn’t make as much money selling clothes as smaller rival Next Plc. To soften the blow, some investors would like him to mimic his competitor’s record on giving back cash.
MILAN, Italy — Prada SpA said it isn’t aware of being investigated by Italian authorities after a newspaper reported Milan prosecutors opened a probe into tax evasion.
TOKYO, Japan — Uniqlo owner Fast Retailing Co. is hiring executives from retailers including Wal-Mart Stores Inc. to strengthen the Japanese clothier’s overseas expansion blitz.
NEW YORK, United States — Fifth & Pacific Cos., the clothing retailer that’s selling brands, said Chief Executive Officer William McComb is leaving and being replaced by Craig Leavitt, who heads the Kate Spade division.
NEW YORK, United States — Gap Inc. said late Thursday that it expects to deliver fourth-quarter earnings results at the high end of its forecast that was issued in November.
Despite a two-day overlap with London’s fast-rising menswear showcase, Florentine trade show Pitti Uomo remains one of the premier stops on the international menswear calendar.