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.
LONDON, United Kingdom — Consumer goods giant Unilever Plc said on Tuesday it would shield its workforce for up to three months from sudden drop in pay, resulting from market disruptions or an inability to perform their roles during the coronavirus pandemic.
The maker of Dove soaps and Omo detergent also said it would help its "most vulnerable" small- and medium-sized suppliers with cash and will extend credit to select small-scale retailers, as part of a €500 million ($543 million) relief programme.
By Siddharth Cavale; editor: Sherry Jacob-Phillips.
The Montreal-based e-commerce retailer laid off 138 employees last week, or 7 percent of its total workforce.
The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
Ten years after inception, the fast-growing premium jeans maker is betting on the power of the runway.
Pandemic-related disruptions of supply chains may be dissipating, but the pressure on brands to mitigate the risks of bottlenecks is not.