Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
garment-workers
News & Analysis
The BoF Professional Summit Wrap-Up: How to Build a Responsible Fashion Business
The climate crisis, Covid-19 and recent anti-racism protests have forced the fashion industry to recognise how it is failing to live up to its environmental and social responsibilities. Global experts at The BoF Professional Summit weighed in on where we go from here.
The BoF Professional Summit Wrap-Up: How to Build a Responsible Fashion Business
The climate crisis, Covid-19 and recent anti-racism protests have forced the fashion industry to recognise how it is failing to live up to its environmental and social responsibilities. Global experts at The BoF Professional Summit weighed in on where we go from here.
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.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
Will Jewellery Help Shape Luxury’s Winners?
As weak appetite for handbags and geopolitical tensions weigh on fashion sales, luxury groups are leaning on high-performing jewellery to help boost growth and steady profit margins.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.