LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Rising living costs and increasingly precarious work are trapping the low-wage workers who power the fashion industry in a crushing squeeze, Sarah Kent reports from Dhaka.
Whipsawing consumer demand is squeezing fashion suppliers and their workers in countries like Bangladesh, Sarah Kent reports from Dhaka.
From activists taking brands to task over corporate greenwashing to the finance gap and antitrust challenges, here’s what fashion leaders need to know from the UN’s high-stakes climate summit.
Osman Yousefzada journeys to post-colonial Bangladesh to meet the workers who make our clothes.
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The country is set to lose export revenue of about $6 billion this year due to cancellations from retailers and vendors.
The government launched a $588 million package to help companies in the garments sector pay staff, but manufacturers have said it is not enough.
The second-largest apparel producer after China is set to lose $6 billion in export revenue as the world's largest retailers cancel orders, jeopardising millions of jobs in the poor South Asian nation.
Bangladesh is strategically critical for global apparel supply chains and it is ultimately in all our interests — from brands and retailers to factories and governments — to work together, collaborate and support each other through this, argues Mostafiz Uddin.
Bangladesh is strategically critical for global apparel supply chains and it is ultimately in all our interests — from brands and retailers to factories and governments — to work together, collaborate and support each other through this, argues Mostafiz Uddin.
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Government officials say The Accord on Fire and Building Safety in Bangladesh is no longer needed as a national regulatory body, the Remediation Coordination Cell (RCC), is able to do the job.
Bangladesh’s deadly Rana Plaza disaster in 2013 sparked an unprecedented effort to improve worker conditions, but life for the country’s garment workers remains difficult and now the industry’s flagship safety initiative is under threat.
Bangladesh’s deadly Rana Plaza disaster in 2013 sparked an unprecedented effort to improve worker conditions, but life for the country’s garment workers remains difficult and now the industry’s flagship safety initiative is under threat.
A High Court in Bangladesh ordered the Accord on Fire and Building Safety to shut down by November 30, but the group says checks on over 500 factories are still incomplete.
Retailers, including Zara and H&M, may have to stop sourcing from about 500 factories if a watchdog set up to improving safety in Bangladesh's garment industry is forced to close next week.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.