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.
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
More and more brands are claiming that the clothes they sell have a positive social impact. Here are four essential steps toward making that statement true.
Burberry fended off a shareholder revolt over executive pay at Marco Gobbetti’s first annual meeting as CEO, overcoming objections from some investors and advisory groups.
The company may face a backlash from shareholders at its annual general meeting on Thursday over awards to chief creative director Christopher Bailey, and new finance director Julie Brown.
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The compensation puts Marc Lore well ahead of his boss, Walmart CEO Doug McMillon, and vaults him into the ranks of America’s top-paid executives.
This week, Maybelline named Youtube star Manny Gutierrez its first male ambassador, and garment workers protest world's lowest minimum wage in Bangladesh.
This week, France has fined 35 modelling agencies for price fixing, and UK MPs are to investigate working conditions at Asos.
A new documentary records the first hand accounts of garment workers and their daily struggles in the face of poor pay, excessive overtime, unsafe working conditions and widespread sexual harassment.
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Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Most of Wal-Mart's US employees will get raises as part of the world's largest retailer's previously announced commitment to invest in its workforce.
Companies, social enterprises and fashion schools are working with prisons to make clothing. But is it possible — and ethical — to build a fashion business behind bars?
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.