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.
garment-workers
Global Markets
Op-Ed | How Fashion Perpetuates Modern-Day Colonialism
The exploitation of Asia by western businesses is as widespread today as it was when the British ruled India and Gandhi and Charlie Chaplin discussed the subject in a brief encounter in 1931, argues Bandana Tewari.
Op-Ed | How Fashion Perpetuates Modern-Day Colonialism
The exploitation of Asia by western businesses is as widespread today as it was when the British ruled India and Gandhi and Charlie Chaplin discussed the subject in a brief encounter in 1931, argues Bandana Tewari.
Global Markets
Coronavirus Crushes Asia’s Garment Industry
As retailers around the world cancel orders, factory owners in Myanmar, Bangladesh and Cambodia shut down thousands of factories and sent home workers with little or no pay.
Coronavirus Crushes Asia’s Garment Industry
As retailers around the world cancel orders, factory owners in Myanmar, Bangladesh and Cambodia shut down thousands of factories and sent home workers with little or no pay.
Workplace & Talent
The BoF Podcast: Kalpona Akter on Choosing Between Lives and Livelihood
In the latest special edition of the BoF Podcast, Kalpona Akter, founder and executive director of the Bangladesh Centre for Worker Solidarity, joins BoF’s Imran Amed to discuss the impact of Covid-19 on the millions of garment workers left destitute as the world's largest retailers cancel orders.
The BoF Podcast: Kalpona Akter on Choosing Between Lives and Livelihood
In the latest special edition of the BoF Podcast, Kalpona Akter, founder and executive director of the Bangladesh Centre for Worker Solidarity, joins BoF’s Imran Amed to discuss the impact of Covid-19 on the millions of garment workers left destitute as the world's largest retailers cancel orders.
Global Markets
Fashion Workers Left Destitute in India
By cancelling orders with Indian suppliers during the country’s chaotic lockdown, global brands are making impoverished workers even more vulnerable in a market where 60 million people depend on the fashion industry for their livelihood.
Fashion Workers Left Destitute in India
By cancelling orders with Indian suppliers during the country’s chaotic lockdown, global brands are making impoverished workers even more vulnerable in a market where 60 million people depend on the fashion industry for their livelihood.
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.
Global Markets
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
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.
Sustainability
In Crisis, Don’t Ditch Sustainability
Under severe economic pressure, it’s tempting to see social responsibility as dispensable, but it’s as essential as ever to long-term strategy, argues Clare Press.
In Crisis, Don’t Ditch Sustainability
Under severe economic pressure, it’s tempting to see social responsibility as dispensable, but it’s as essential as ever to long-term strategy, argues Clare Press.
Global Markets
The BoF Podcast: Journalist Rana Ayyub on Why Social Distancing Is a Privilege
In the latest special edition of the BoF Podcast, Indian journalist and author Rana Ayyub joins BoF’s Editor-in-Chief Imran Amed to discuss the impact of Covid-19 on the lives thousands of migrant labourers, many of whom work in India's now-shuttered textile industry.
The BoF Podcast: Journalist Rana Ayyub on Why Social Distancing Is a Privilege
In the latest special edition of the BoF Podcast, Indian journalist and author Rana Ayyub joins BoF’s Editor-in-Chief Imran Amed to discuss the impact of Covid-19 on the lives thousands of migrant labourers, many of whom work in India's now-shuttered textile industry.
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.
Sustainability
Adidas, Ralph Lauren Urge Cambodia to Reform Labour Amid EU Sanction Threat
They are joined by global brands including Puma and Levi Strauss, which have all signed a letter urging the country to amend trade union law.
Adidas, Ralph Lauren Urge Cambodia to Reform Labour Amid EU Sanction Threat
They are joined by global brands including Puma and Levi Strauss, which have all signed a letter urging the country to amend trade union law.
Global Markets
Deadly Factory Fire ‘Symptom’ of Fashion’s Safety Failings
The blaze in an illegal and unsafe New Delhi factory killed more than 40, shining a spotlight on the serious safety failures that persist in fashion’s murky and convoluted supply chain.
Deadly Factory Fire ‘Symptom’ of Fashion’s Safety Failings
The blaze in an illegal and unsafe New Delhi factory killed more than 40, shining a spotlight on the serious safety failures that persist in fashion’s murky and convoluted supply chain.
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.