The revenue of top fashion multinationals plummeted by 21.8% in the first nine months of 2020 because of the pandemic, according to a study published on Wednesday by Italian investment bank Mediobanca.
Major fashion brands are getting behind an initiative in Bangladesh that aims to use more recycled materials in clothing production and significantly cut planet-heating emissions from manufacturing by 2030.
H&M said on Tuesday it would investigate reports of sexual harassment at a supplier’s factory in India following the death of a female employee and the arrest of a male co-worker on suspicion of her murder.
The coup in Myanmar is expected to dampen the already tepid interest of U.S. and Western companies in investing in Myanmar, and may prompt some big U.S. companies to pull out, trade experts and analysts said on Monday.
Large-scale store openings may be on hold due to Covid, but with China already recovering, it’s being prioritised. H&M Group said on Friday that Nordic lifestyle brand Arket will open a flagship in Beijing this autumn.
Co-founded by two retired scientists, Sustainable Composites uses an innovative chemical process to recycle leather into a material that looks, smells and feels identical to the original leather from which it was made.