L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
workers-rights
Luxury
Armani-Owned Company Put in Receivership Amid Labour Exploitation Probe
A court in Milan ordered a one-year receivership for Giorgio Armani Operations, described as an industrial company of the Armani Group, according to the ruling seen by Reuters.
Armani-Owned Company Put in Receivership Amid Labour Exploitation Probe
A court in Milan ordered a one-year receivership for Giorgio Armani Operations, described as an industrial company of the Armani Group, according to the ruling seen by Reuters.
Retail
Amazon Staff at New UK Warehouse to Strike on Jan. 25
Around 100 workers at the warehouse will take strike action on Jan. 25, said GMB trade union, which has not been formally recognised by the US e-commerce giant.
Amazon Staff at New UK Warehouse to Strike on Jan. 25
Around 100 workers at the warehouse will take strike action on Jan. 25, said GMB trade union, which has not been formally recognised by the US e-commerce giant.
Global Markets
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Retail
Amazon’s Logistics Workers in Spain Plan Cyber Monday Walk-Outs
20,000 warehouse and delivery workers at Amazon’s local unit are to stage a one-hour strike on each shift on Nov. 27.
Amazon’s Logistics Workers in Spain Plan Cyber Monday Walk-Outs
20,000 warehouse and delivery workers at Amazon’s local unit are to stage a one-hour strike on each shift on Nov. 27.
Retail
REI Accused of Widespread Labour Law Violations at Unionised US Stores
Workers at stores across the US filed a total of 80 complaints with the National Labour Relations Board seeking to force the company to bargain with their unions.
REI Accused of Widespread Labour Law Violations at Unionised US Stores
Workers at stores across the US filed a total of 80 complaints with the National Labour Relations Board seeking to force the company to bargain with their unions.
Sustainability
Bangladesh Garment Workers Fighting for Pay Face Brutal Violence and Threats
Negotiations over a new minimum wage for garment workers in Bangladesh have sparked mass demonstrations on streets across the capital.
Bangladesh Garment Workers Fighting for Pay Face Brutal Violence and Threats
Negotiations over a new minimum wage for garment workers in Bangladesh have sparked mass demonstrations on streets across the capital.
Sustainability
Would Higher Wages Break Fast Fashion’s Business Model?
This week, deadly protests after the Bangladeshi government proposed a minimum wage increase well below the level unions had called for highlighted a fundamental challenge in raising worker salaries: somebody has to pay for it.
Would Higher Wages Break Fast Fashion’s Business Model?
This week, deadly protests after the Bangladeshi government proposed a minimum wage increase well below the level unions had called for highlighted a fundamental challenge in raising worker salaries: somebody has to pay for it.
Global Markets
More Protests in Bangladesh as Garment Workers Reject Pay Increase
Hundreds of garment workers in Bangladesh clashed with police for a second day on Thursday as they protested against a government-mandated pay rise, forcing the closure of nearly 40 factories in the world’s second-largest clothing exporter.
More Protests in Bangladesh as Garment Workers Reject Pay Increase
Hundreds of garment workers in Bangladesh clashed with police for a second day on Thursday as they protested against a government-mandated pay rise, forcing the closure of nearly 40 factories in the world’s second-largest clothing exporter.
Sustainability
Bangladesh Hikes Minimum Wage for Garment Workers After Protests
Bangladesh will raise the minimum wage for garment workers by 56.25 percent, the first hike since 2019.
Bangladesh Hikes Minimum Wage for Garment Workers After Protests
Bangladesh will raise the minimum wage for garment workers by 56.25 percent, the first hike since 2019.
Sustainability
Bangladesh Wage Protests Turn Deadly
Police have clashed with thousands of garment workers demanding higher wages in protests that have left factories damaged and at least two dead, according to media reports.
Bangladesh Wage Protests Turn Deadly
Police have clashed with thousands of garment workers demanding higher wages in protests that have left factories damaged and at least two dead, according to media reports.
News & Analysis
Hollywood Screenwriters Reach Deal to End Five-Month Strike
Striking Hollywood screenwriters reached a tentative new labour agreement with studios, including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production.
Hollywood Screenwriters Reach Deal to End Five-Month Strike
Striking Hollywood screenwriters reached a tentative new labour agreement with studios, including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production.
News & Analysis
US States Ask SEC to Check if Shein Complies With Forced Labour Rules
Republican attorneys general from 16 US states asked the Securities and Exchange Commission to audit China-founded fast fashion retailer Shein’s supply chain for the use of forced labour ahead of its potential initial public offering.
US States Ask SEC to Check if Shein Complies With Forced Labour Rules
Republican attorneys general from 16 US states asked the Securities and Exchange Commission to audit China-founded fast fashion retailer Shein’s supply chain for the use of forced labour ahead of its potential initial public offering.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.