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.
International brands including lingerie-maker Cosabella, are being forced to “press pause” on their Ukraine-based sourcing operations, following Russia’s invasion of the country on Thursday, according to a Sourcing Journal report.
The war, which has already seen fighting on multiple fronts, is putting both the safety of workers, as well as the ability of goods to move freely in and out of the country, in jeopardy. Hugo Boss, which has three suppliers in Ukraine, said it was monitoring the situation.
Both brands said any interruption to their Ukrainian sourcing wouldn’t have a major impact on their overall supply chain because the country accounts for only a small percentage of total output.
According to 2010 data from the Clean Clothes Campaign (the most recent available) around 92,000 garment workers were employed in roughly 6,000 Ukrainian factories.
ADVERTISEMENT
Learn more:
Global Luxury Market Reacts to Russian Invasion of Ukraine
Luxury and retail analysts say the growing crisis could cause a ripple effect that depresses consumer sentiment around the world.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.