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.
rana-plaza
Sustainability
Op-Ed | Conscious Consumers Are the Key to Ethical Fashion
The conscious consumer, who demands to know the story behind a fashion product, could lead the charge for transparent, ethical production, says designer Bruno Pieters.
Op-Ed | Conscious Consumers Are the Key to Ethical Fashion
The conscious consumer, who demands to know the story behind a fashion product, could lead the charge for transparent, ethical production, says designer Bruno Pieters.
Sustainability
Op-Ed | Fashion Brands Must Treat Garment Workers as Employees
To improve their lives, garment workers simply need to earn more. But this won’t happen until fashion businesses treat them as their own employees, argues Edward Hertzman.
Op-Ed | Fashion Brands Must Treat Garment Workers as Employees
To improve their lives, garment workers simply need to earn more. But this won’t happen until fashion businesses treat them as their own employees, argues Edward Hertzman.
News & Analysis
Op-Ed | Transparency and Nothing Less
Fashion companies must get to know every step in their supply chains and be transparent with consumers, say Maxine Bédat and Soraya Darabi, co-founders of Zady.
Op-Ed | Transparency and Nothing Less
Fashion companies must get to know every step in their supply chains and be transparent with consumers, say Maxine Bédat and Soraya Darabi, co-founders of Zady.
Sustainability
Bangladesh Guardedly Welcomes Benetton Factory Victim Pledge
A Bangladeshi garment industry leader on Saturday guardedly welcomed Italian retailer Benetton's pledge of more than $1 million to victims of a factory collapse that killed over 1,100 people two years ago, saying it had come late but was appreciated.
Bangladesh Guardedly Welcomes Benetton Factory Victim Pledge
A Bangladeshi garment industry leader on Saturday guardedly welcomed Italian retailer Benetton's pledge of more than $1 million to victims of a factory collapse that killed over 1,100 people two years ago, saying it had come late but was appreciated.
News & Analysis
Italy's Benetton Pays $1.1 Million to Rana Plaza Disaster Fund
Benetton has paid $1.1 million into a fund for victims of the Rana Plaza factory collapse that killed 1,100 workers in Bangladesh two years ago, after pressure from activists to donate to the fund.
Italy's Benetton Pays $1.1 Million to Rana Plaza Disaster Fund
Benetton has paid $1.1 million into a fund for victims of the Rana Plaza factory collapse that killed 1,100 workers in Bangladesh two years ago, after pressure from activists to donate to the fund.
News & Analysis
Benetton Joins Fund for Rana Plaza Victims
Italian fashion retailer Benetton will pay into a fund set up to compensate victims of the 2013 Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people.
Benetton Joins Fund for Rana Plaza Victims
Italian fashion retailer Benetton will pay into a fund set up to compensate victims of the 2013 Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people.
News & Analysis
Widespread Safety Issues Identified at Bangladesh Clothing Factories
BANGLADESH — Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited as part
Widespread Safety Issues Identified at Bangladesh Clothing Factories
BANGLADESH — Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited as part
Retail
Op-Ed | An Industry in Denial: Fashion’s Struggle with Compliance
As much as brands talk about compliance and concern for workers' rights and safety, the unfortunate reality is that price is still king, says Edward Hertzman.
Op-Ed | An Industry in Denial: Fashion’s Struggle with Compliance
As much as brands talk about compliance and concern for workers' rights and safety, the unfortunate reality is that price is still king, says Edward Hertzman.
News & Analysis
Unfilled Rana Plaza Fund Exposes Fashion's Lack of Accountability
The unfilled Rana Plaza compensation fund exposes the fashion industry’s inability to hold brands accountable for their actions, even when those actions have disastrous consequences.
Unfilled Rana Plaza Fund Exposes Fashion's Lack of Accountability
The unfilled Rana Plaza compensation fund exposes the fashion industry’s inability to hold brands accountable for their actions, even when those actions have disastrous consequences.
News & Analysis
Op-Ed | Join the Revolution Against Mindless Fashion Consumption
On Fashion Revolution Day, the anniversary of the Rana Plaza garment factory collapse in Bangladesh, Tamsin Blanchard challenges consumers take action against mindless fashion consumption.
Op-Ed | Join the Revolution Against Mindless Fashion Consumption
On Fashion Revolution Day, the anniversary of the Rana Plaza garment factory collapse in Bangladesh, Tamsin Blanchard challenges consumers take action against mindless fashion consumption.
News & Analysis
Bangladesh Factory Collapse Victims Want More Aid
SAVAR, Bangladesh — Bangladesh began compiling details Monday about the victims of the 2013 Rana Plaza factory collapse as part of a compensation
Bangladesh Factory Collapse Victims Want More Aid
SAVAR, Bangladesh — Bangladesh began compiling details Monday about the victims of the 2013 Rana Plaza factory collapse as part of a compensation
News & Analysis
Primark to Pay $10 Million More to Victims of Bangladesh Factory Collapse
BERLIN, Germany — British clothes retailer Primark will pay a further $10 million in compensation to victims of the collapse of a Bangladeshi factory
Primark to Pay $10 Million More to Victims of Bangladesh Factory Collapse
BERLIN, Germany — British clothes retailer Primark will pay a further $10 million in compensation to victims of the collapse of a Bangladeshi factory
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.