Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
wages
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Is Your Fashion Brand Ethical?
More and more brands are claiming that the clothes they sell have a positive social impact. Here are four essential steps toward making that statement true.
Burberry Dodges Shareholder Defeat in Vote on Executive Pay
Burberry fended off a shareholder revolt over executive pay at Marco Gobbetti’s first annual meeting as CEO, overcoming objections from some investors and advisory groups.
Op-Ed | Burberry's New Fashion Directive: Get On Trend With Pay
The company may face a backlash from shareholders at its annual general meeting on Thursday over awards to chief creative director Christopher Bailey, and new finance director Julie Brown.
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Social Goods | Protecting Female Workers, Primark on Sustainability, Cotton Recovery
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Wal-Mart to Give Pay Raises to Most of Its Workers
Most of Wal-Mart's US employees will get raises as part of the world's largest retailer's previously announced commitment to invest in its workforce.
Would You Buy Clothes Made in Prison?
Companies, social enterprises and fashion schools are working with prisons to make clothing. But is it possible — and ethical — to build a fashion business behind bars?
The News in Brief
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.