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 Accord on Fire and Building Safety was signed by more than 200 brands — including Inditex, H&M and Primark — after the Rana Plaza manufacturing complex collapsed in Bangladesh in 2013, killing more than 1,000 people in the garment sector’s deadliest disaster. Brands and unions extended negotiations for the future of the accord, which was set to expire next week, by three months, The New York Times reported.
The fate of the accord has worldwide ramifications, and workers rights groups remain fearful that if the accord lapses without a binding replacement, it could set back progress made against labour abuses in the industry.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
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.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.