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 giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models.
The company said Wednesday it will step up investment in a supplier programme launched last year after a UK television documentary claimed it found labour abuses at two supplier factories. It initially pledged $15 million to upgrade hundreds of facilities in its supply chain, but is now adding $55 million to the fund.
Most of that money will be spent on a new R&D and training centre focused on driving even more efficiency into Shein’s production model. But the company also plans to spend $10 million on housing and recreation facilities and $5 million to build and staff 60 childcare centres in the communities where its suppliers operate.
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Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
France is pressing ahead with a ‘game-changing’ bill that would impose a ‘sin tax’-style penalty on fast-fashion products as high as €10 per item by 2030.
In the weeks since one of the industry’s most promising recycling start-ups filed for bankruptcy, big brands have put more money and more commitment into bringing innovations to market.
Thirty years of providing the world’s finest wool to the fashion house Loro Piana has done almost nothing for the Indigenous people of the Peruvian Andes.
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