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 ultra-fast fashion brand has given its suppliers based in the British city until March 5 to “bring all finished goods manufacturing in-house,” according to a report by the BBC, leaving some facilities concerned about the cost of meeting these demands within a month and the loss of work for subcontractors that typically make up part of the supply chain. This new requirement follows the recommendations of a September 2020 report on Boohoo’s supply chain practices, launched after the company was accused of using suppliers that underpaid workers in unsafe conditions during the first coronavirus lockdown in England.
When reached for comment, Boohoo said that the move “shortens our supply chain and is just one of the ways that we are helping [suppliers] to build stronger more sustainable businesses that can thrive and create more UK manufacturing jobs.” The company did not disclose how it is supporting its suppliers to make this change.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.