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.
TOKYO, Japan — Japanese fashion giant Fast Retailing Co. is tightening controls on treatment of workers at key suppliers' factories in China following complaints by labor rights groups.
Members of two labor rights groups said Friday they are planning meetings next week with representatives of the company, which makes popular Uniqlo brand clothing.
Fast Retailing issued a statement Thursday saying it would take action to ensure fair payment and accounting of working hours, curb excess overtime and improve conditions on factory floors of its suppliers in response to the complaints.
A representative of Hong Kong-based labor monitoring group Students & Scholars Against Corporate Misbehavior, or SACOM, said the group would follow up to see how the plans are implemented. The group also plans investigations of other factories in China making products for Uniqlo.
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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.