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.
The proposed manufacturing-and-office space will employ about 95 people, a Boohoo spokesperson said. The initiative is part of the fast fashion company’s efforts to address allegations of forced labour and poor working conditions among its suppliers in the English city that surfaced last summer.
Boohoo’s proposals to to Leicester City Council involve converting a former car showroom into a space that will also offer educational training programmes for staff and suppliers.
Leicester’s garment industry, where Boohoo is a prominent client, has come under increased scrutiny over the course of the pandemic after claims that poor labour practices helped create a resurgence in coronavirus cases that led to a city-wide second lockdown in the summer of 2020.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.