- Marjorie van Elven |
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, and Ugg, have published a letter urging president Donald Trump to reconsider raising tariffs on footwear imported from China. “As an industry that faces a $3 billion duty bill every year, we can assure you that any increase […]
- Marjorie van Elven |
Trade union leaders are not pleased with the announcement that the Bangladesh Accord on Fire and Building Safety is supposed to leave the country in less than a year. The Bangladesh Accord shall be replaced in 281 days by another entity called RMC Sustainability Council (RSC), to be governed by a board […]
- Robyn Turk |
LVMH Moët Hennessy Louis Vuitton is working to solve the global problem of counterfeited luxury goods. The luxury group has launched AURA, the first international blockchain made to help consumers trace the and authenticity of luxury goods. The AURA platform was developed through Microsoft and blockchain […]
- AFP |
Nepal's central bank has banned popular Chinese digital wallets Alipay and WeChat, an official said Tuesday, fearing loss of foreign currency earnings from thousands of Chinese tourists that visit the country. Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment […]
- Dale Arden Chong |
Swiss group Maus Frères, which owns brands including Lacoste, Aigle and Gant, has been approved by the Autorité de la concurrence, to buyout French ready-to-wear label The Kooples, which is currently owned by its founding owners. According to a press release from the Autorité de la concurrence, the […]
- Marjorie van Elven |
After months of delays and uncertainty, the Bangladesh Accord on Fire and Building Safety has finally struck a deal with the Bangladesh Garment Employers Association (BGMEA), closing what seemed to be a never-ending battle concerning the future of its operations in the country. A memorandum of understanding […]
- Simone Preuss |
Through a partnership with Hong Kong-based technology firm TextileGenesis, Austrian fiber producer Lenzing enters the age of digital traceability: Using blockchain technology to support its Tencel-branded fiber business, Lenzing wants to ensure transparency from wood to the finished garment. “With Lenzing […]
- Prachi Singh |
L Brands, Inc. has declared a regular quarterly dividend of 30 cents per share payable on June 14, 2019 to shareholders of record at the close of business on May 31, 2019. L Brands said, this the company’s 178th consecutive quarterly dividend. Through Victoria’s Secret, Pink and Bath & Body Works, the […]
- Marjorie van Elven |
INTERVIEW When Bea Johnson started blogging about her strive to fit her garbage for an entire year in a single jar, many people called her crazy. Eleven years later, the zero waste movement is gaining traction. Johnson has a book, a TED Talk watched by over 300,000 people and an Instagram following […]
- Prachi Singh |
Sales at Compagnie Financière Richemont SA, for the year ended March 31, 2019, increased by 27 percent to 13.99 billion euros (15.63 billion dollars) at actual and constant exchange rates. The company said, excluding YNAP and Watchfinder, sales for the year rose by 8 percent at constant exchange rates, […]