The United States is pondering suspending Ethiopia's duty-free market status due to abuses in the Tigray region, a decision that would threaten Ethiopia's aspirations to become a light manufacturing hub.
Celebrity collaborations are an important part of fashion retail and this one should continue to boost H&M’s ‘Edition by' association with contemporary stars. This time it’s Edition by John Boyega, launching for autumn.
H&M Group said it’s launching new initiatives “fuelled by consumers and businesses wanting more choice, greater personalisation and increased flexibility”. It's responding to significant growth in on-demand services.
H&M Group sales are continuing to recover as its markets reopen, although it’s not bouncing back as fast as some rivals. That said, its net sales in local currencies increased by 14% year-on-year in Q3.
Online fashion retail giant Zalando has invested in circular fashion and textile technology group Infinited Fiber Co. It said the non-disclosed proceeds will go towards building a €220 million factory in Finland.