The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PHNOM PENH, Cambodia — Cambodia is raising the minimum wage in its important clothing industry by 28 percent to $128 a month, falling short of labor unions' $140 proposal.
The Labor Advisory Committee, representing employers, workers and the government, originally agreed Wednesday on a $123 minimum wage. A Labor Ministry statement said it was increased to $128 after long-serving Prime Minister Hun Sen intervened.
A militant union campaign to double the then-minimum of $80 two years ago resulted in clashes with police. The unions later scaled back their demand.
The clothing industry is Cambodia's biggest export earner, employing about 500,000 people in more than 500 garment and shoe factories. The new wage level takes effect at the beginning of next year.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.
Spurred by rapid growth in the pure luxury market, global brands operating in lower-priced segments like contemporary fashion are entering the country or accelerating expansion plans.
This week’s round-up of global markets fashion business news also features India’s textile industry, Chinese beauty major Yatsen and Ghana’s newest garment factory.