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
News & Analysis
Checks Find Flaws in Bangladesh Garment Factories
DHAKA , Bangladesh — Inspections of Bangladesh garment factories under a new safety initiative have found cracked support beams, substandard building
Checks Find Flaws in Bangladesh Garment Factories
DHAKA , Bangladesh — Inspections of Bangladesh garment factories under a new safety initiative have found cracked support beams, substandard building
News & Analysis
Op-Ed | Garment Workers Deserve a Global Minimum Wage
Garment manufacturing is global. But the rules that protect workers are not, creating a race to the bottom amongst poor countries aiming to attract foreign investment with the lowest wages and flimsiest safety standards. In the wake of recent tragedies and protests in Bangladesh, Cambodia and Haiti, it's time for a global minimum wage, argues Tansy E. Hoskins.
Op-Ed | Garment Workers Deserve a Global Minimum Wage
Garment manufacturing is global. But the rules that protect workers are not, creating a race to the bottom amongst poor countries aiming to attract foreign investment with the lowest wages and flimsiest safety standards. In the wake of recent tragedies and protests in Bangladesh, Cambodia and Haiti, it's time for a global minimum wage, argues Tansy E. Hoskins.
News & Analysis
Primark Pays More Compensation to Bangladesh Factory Victims
DUBLIN, Ireland — Primark will make another compensation payment to victims of the Rana Plaza factory disaster in Bangladesh, the discount clothing
Primark Pays More Compensation to Bangladesh Factory Victims
DUBLIN, Ireland — Primark will make another compensation payment to victims of the Rana Plaza factory disaster in Bangladesh, the discount clothing
News & Analysis
Bangladesh Waits for Factory Checks Six Months After 1,127 Die
DHAKA, Bangladesh — Six months ago, when 1,127 Bangladeshi workers were killed in the collapse of a high-rise warren of garment factories,
Bangladesh Waits for Factory Checks Six Months After 1,127 Die
DHAKA, Bangladesh — Six months ago, when 1,127 Bangladeshi workers were killed in the collapse of a high-rise warren of garment factories,
News & Analysis
Op-Ed | Preventing Another Rana Plaza
In the wake of Rana Plaza, it's clear that voluntary self-inspection of garment factories by brands and retailers is not enough to avoid terrible human tragedy. Workplace health and safety standards must be set and enforced by the workers themselves, argues Tansy E Hoskins.
Op-Ed | Preventing Another Rana Plaza
In the wake of Rana Plaza, it's clear that voluntary self-inspection of garment factories by brands and retailers is not enough to avoid terrible human tragedy. Workplace health and safety standards must be set and enforced by the workers themselves, argues Tansy E Hoskins.
News & Analysis
Primark Boosts Aid to Bangladesh Victims as Other Companies Balk
GENEVA, Switzerland — Primark, the budget fashion chain owned by Associated British Foods Plc, will pay all victims of the collapsed Rana Plaza
Primark Boosts Aid to Bangladesh Victims as Other Companies Balk
GENEVA, Switzerland — Primark, the budget fashion chain owned by Associated British Foods Plc, will pay all victims of the collapsed Rana Plaza
News & Analysis
Bangladesh Factory Victim Compensation Talks Start in Geneva
GENEVA, Switzerland — A meeting of retailers, labor unions and non-governmental organizations starts today in Geneva to discuss compensation for
Bangladesh Factory Victim Compensation Talks Start in Geneva
GENEVA, Switzerland — A meeting of retailers, labor unions and non-governmental organizations starts today in Geneva to discuss compensation for
News & Analysis
Op-Ed | In the Face of Continuing Injustice, a Socially Responsible Garment Factory
In response to the continuing injustices suffered by garment workers globally, tougher regulations and more stringent factory audits are not enough, says Rob Broggi, CEO and founding partner of Industrial Revolution II, a new kind of garment factory founded on the principles of socially responsible manufacturing.
Op-Ed | In the Face of Continuing Injustice, a Socially Responsible Garment Factory
In response to the continuing injustices suffered by garment workers globally, tougher regulations and more stringent factory audits are not enough, says Rob Broggi, CEO and founding partner of Industrial Revolution II, a new kind of garment factory founded on the principles of socially responsible manufacturing.
News & Analysis
Bangladesh Struggles to Inspect Thousands of Garment Factories
"In the weeks since the Rana Plaza collapse killed more than 1,100 workers, at least five different Bangladesh agencies have sent teams to begin
Bangladesh Struggles to Inspect Thousands of Garment Factories
"In the weeks since the Rana Plaza collapse killed more than 1,100 workers, at least five different Bangladesh agencies have sent teams to begin
News & Analysis
Why Retailers Don't Know Who Sews Their Clothing
"On two floors of an olive green building with insufficient emergency exits and a too narrow fire escape, women in Saifur Rahman's factory sew fleece
Why Retailers Don't Know Who Sews Their Clothing
"On two floors of an olive green building with insufficient emergency exits and a too narrow fire escape, women in Saifur Rahman's factory sew fleece
News & Analysis
Bangladesh Disaster Crushes Owner's Ideal of Clothes with a Conscience
SAVAR, Bangladesh — When Spanish garment maker David Mayor arrived in Bangladesh a decade ago the fashion label he set up had the motto "clothing
Bangladesh Disaster Crushes Owner's Ideal of Clothes with a Conscience
SAVAR, Bangladesh — When Spanish garment maker David Mayor arrived in Bangladesh a decade ago the fashion label he set up had the motto "clothing
News & Analysis
Bangladesh Building Collapse Death Toll Passes 700
"The death toll from the collapse of an eight-storey factory building near the Bangladeshi capital, Dhaka, has passed 700, officials say. The
Bangladesh Building Collapse Death Toll Passes 700
"The death toll from the collapse of an eight-storey factory building near the Bangladeshi capital, Dhaka, has passed 700, officials say. The
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.