The UK luxury industry has praised a move by the US to suspend retaliatory tariffs of 25% imposed on a range of high-end products, including cashmere, wool, tailoring, and bedlinen, albeit for just four months.
The American retail giant has announced that it plans to support national manufacturers with $350 billion in added business over the next decade, with focus areas including textiles and small electrical appliances.
Building work will begin at the end of 2021, and the Catalan fashion group’s new Barcelona-based facilities will be fully operational in 2024. The new R&D and innovation centre will extend over an area of 93,400 m2.
The European Commission has announced goals for the 27-nation bloc to reduce poverty, inequality and boost training and jobs by 2030 as part of a post-pandemic economic overhaul financed by jointly borrowed funds.
Chancellor Rishi Sunak has unveiled what has been touted as the most important budget statement in decades. And there's plenty in the latest announcement that directly impacts the fashion and retail sectors.
Boohoo defended its supplier practices again on Tuesday after a report said the online fashion retailer faced the possibility of a U.S. import ban due to allegations over the use of slave labour in supplier factories.
A manager at Amazon sued the online retailer for discrimination on Monday, saying it hires Black people for lower positions and promotes them more slowly than white workers, and that she was subjected to harassment.
Normally, at this time of year, the world's fashionistas would have descended en masse on Paris for the latest womenswear collections. Instead, models are having to find new ways to keep their careers afloat.
Bad news for the fashion sector came with a study released Wednesday that claims microplastics from textiles damage lung cells. Researchers say microplastics may inhibit our lungs from repairing Covid-19 damage.