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.
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.