De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Dhaka, Bangladesh
Global Markets
Bangladesh Garment Factory Fire Kills 16, Toll May Rise
A deadly fire at a Bangladeshi garment factory and an adjacent chemical warehouse highlights the ongoing issue of poor fire and building safety standards in the country’s vital garment sector.
Bangladesh Garment Factory Fire Kills 16, Toll May Rise
A deadly fire at a Bangladeshi garment factory and an adjacent chemical warehouse highlights the ongoing issue of poor fire and building safety standards in the country’s vital garment sector.
Sustainability
‘How Can We Live?’: For Garment Workers, It’s Worse Than the Pandemic
Rising living costs and increasingly precarious work are trapping the low-wage workers who power the fashion industry in a crushing squeeze, Sarah Kent reports from Dhaka.
‘How Can We Live?’: For Garment Workers, It’s Worse Than the Pandemic
Rising living costs and increasingly precarious work are trapping the low-wage workers who power the fashion industry in a crushing squeeze, Sarah Kent reports from Dhaka.
Sustainability
Fashion’s New Age of Volatility Hits Suppliers
Whipsawing consumer demand is squeezing fashion suppliers and their workers in countries like Bangladesh, Sarah Kent reports from Dhaka.
Fashion’s New Age of Volatility Hits Suppliers
Whipsawing consumer demand is squeezing fashion suppliers and their workers in countries like Bangladesh, Sarah Kent reports from Dhaka.
Sustainability
‘Stop Lying, Stop Greenwashing’ — Key Messages From COP27
From activists taking brands to task over corporate greenwashing to the finance gap and antitrust challenges, here’s what fashion leaders need to know from the UN’s high-stakes climate summit.
‘Stop Lying, Stop Greenwashing’ — Key Messages From COP27
From activists taking brands to task over corporate greenwashing to the finance gap and antitrust challenges, here’s what fashion leaders need to know from the UN’s high-stakes climate summit.
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Global Markets
Op-Ed | Fashion’s Darkest Truth
Osman Yousefzada journeys to post-colonial Bangladesh to meet the workers who make our clothes.
Op-Ed | Fashion’s Darkest Truth
Osman Yousefzada journeys to post-colonial Bangladesh to meet the workers who make our clothes.
Global Markets
Bangladesh Textile Workers Demand Wages in Protest
The country is set to lose export revenue of about $6 billion this year due to cancellations from retailers and vendors.
Bangladesh Textile Workers Demand Wages in Protest
The country is set to lose export revenue of about $6 billion this year due to cancellations from retailers and vendors.
Retail
Bangladesh Garment Workers Break Lockdown to Protest Wages
The government launched a $588 million package to help companies in the garments sector pay staff, but manufacturers have said it is not enough.
Bangladesh Garment Workers Break Lockdown to Protest Wages
The government launched a $588 million package to help companies in the garments sector pay staff, but manufacturers have said it is not enough.
Global Markets
Bangladesh to Lose Billions in Export Revenue
The second-largest apparel producer after China is set to lose $6 billion in export revenue as the world's largest retailers cancel orders, jeopardising millions of jobs in the poor South Asian nation.
Bangladesh to Lose Billions in Export Revenue
The second-largest apparel producer after China is set to lose $6 billion in export revenue as the world's largest retailers cancel orders, jeopardising millions of jobs in the poor South Asian nation.
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Sustainability
Op-Ed | Why Fashion Must Help Bangladeshi Workers Survive Coronavirus
Bangladesh is strategically critical for global apparel supply chains and it is ultimately in all our interests — from brands and retailers to factories and governments — to work together, collaborate and support each other through this, argues Mostafiz Uddin.
Op-Ed | Why Fashion Must Help Bangladeshi Workers Survive Coronavirus
Bangladesh is strategically critical for global apparel supply chains and it is ultimately in all our interests — from brands and retailers to factories and governments — to work together, collaborate and support each other through this, argues Mostafiz Uddin.
News & Analysis
Bangladesh Garment Unions Say New Factory Oversight Deal Risks Worker Safety
Government officials say The Accord on Fire and Building Safety in Bangladesh is no longer needed as a national regulatory body, the Remediation Coordination Cell (RCC), is able to do the job.
Bangladesh Garment Unions Say New Factory Oversight Deal Risks Worker Safety
Government officials say The Accord on Fire and Building Safety in Bangladesh is no longer needed as a national regulatory body, the Remediation Coordination Cell (RCC), is able to do the job.
News & Analysis
6 Years After Rana Plaza, Worker Safety Is Under Threat in Bangladesh Again
Bangladesh’s deadly Rana Plaza disaster in 2013 sparked an unprecedented effort to improve worker conditions, but life for the country’s garment workers remains difficult and now the industry’s flagship safety initiative is under threat.
6 Years After Rana Plaza, Worker Safety Is Under Threat in Bangladesh Again
Bangladesh’s deadly Rana Plaza disaster in 2013 sparked an unprecedented effort to improve worker conditions, but life for the country’s garment workers remains difficult and now the industry’s flagship safety initiative is under threat.
News & Analysis
Bangladesh Factory Safety Group Seeks to Delay Closure, Flags Lingering Risks
A High Court in Bangladesh ordered the Accord on Fire and Building Safety to shut down by November 30, but the group says checks on over 500 factories are still incomplete.
Bangladesh Factory Safety Group Seeks to Delay Closure, Flags Lingering Risks
A High Court in Bangladesh ordered the Accord on Fire and Building Safety to shut down by November 30, but the group says checks on over 500 factories are still incomplete.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.