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.
workers-rights
Technology
H&M Knows Its AI Models Will Be Controversial
The company expects public opinion to be divided on its plan to use “digital twins” of real models in AI-generated imagery. But the best way to protect models’ jobs and rights in the age of AI, it says, is to bring them into the process.
H&M Knows Its AI Models Will Be Controversial
The company expects public opinion to be divided on its plan to use “digital twins” of real models in AI-generated imagery. But the best way to protect models’ jobs and rights in the age of AI, it says, is to bring them into the process.
Luxury
Inside Luxury’s Broken Audit System
LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents.
Inside Luxury’s Broken Audit System
LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents.
Retail
How the US Port Strike Will Impact Fashion
Following the closing of ports on the East and Gulf coasts, which accounts for more than 50 percent of apparel and accessories imported in the US, retailers are left to figure out how to get their goods to their stores and customers ahead of the busiest time of year.
How the US Port Strike Will Impact Fashion
Following the closing of ports on the East and Gulf coasts, which accounts for more than 50 percent of apparel and accessories imported in the US, retailers are left to figure out how to get their goods to their stores and customers ahead of the busiest time of year.
Retail
Strike Shuts Eastern US and Gulf Ports, Threatening Economy
Dockworkers across the US East and Gulf coasts have launched a historic strike for the first time in nearly 50 years, disrupting operations at 36 major ports and potentially causing an economic loss of up to $4.5 billion daily.
Strike Shuts Eastern US and Gulf Ports, Threatening Economy
Dockworkers across the US East and Gulf coasts have launched a historic strike for the first time in nearly 50 years, disrupting operations at 36 major ports and potentially causing an economic loss of up to $4.5 billion daily.
Luxury
Dior Breached UK’s Modern Slavery Disclosure Requirements
The luxury brand, which is under scrutiny for links to sweatshop labour in Italy, was behind on publishing supply chain disclosures required by UK law until last month.
Dior Breached UK’s Modern Slavery Disclosure Requirements
The luxury brand, which is under scrutiny for links to sweatshop labour in Italy, was behind on publishing supply chain disclosures required by UK law until last month.
Global Markets
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
Luxury
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
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.
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.
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.
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.
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.