Prada Cuts Ties With Over 200 Suppliers After Labour Abuse Audit
Since the audit began in 2020, the Milanese fashion group found that more than a quarter of suppliers and subcontractors inspected had broken compliance rules.
Sri Lanka
Sustainability
Cyclone in Sri Lanka Impacts Multiple Garment Factories
A week after devastating floods, the industry association in Sri Lanka says multiple large facilities have been impacted, as recovery efforts for affected workers are underway.
Cyclone in Sri Lanka Impacts Multiple Garment Factories
A week after devastating floods, the industry association in Sri Lanka says multiple large facilities have been impacted, as recovery efforts for affected workers are underway.
Global Markets
Sri Lankan Apparel and Textile Exports Rise Almost 23% in 2021
The value of the sector reached $5.42 billion after fashion exports rose 22.93 percent year-on-year in 2021, according to provisional data released by the Sri Lanka Export Development Board.
Sri Lankan Apparel and Textile Exports Rise Almost 23% in 2021
The value of the sector reached $5.42 billion after fashion exports rose 22.93 percent year-on-year in 2021, according to provisional data released by the Sri Lanka Export Development Board.
News & Analysis
Three Children of Asos Billionaire Killed in Sri Lanka Attacks
"All but one of Anders Holch Povlsen’s four children have died after series of explosions"
Three Children of Asos Billionaire Killed in Sri Lanka Attacks
"All but one of Anders Holch Povlsen’s four children have died after series of explosions"
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The News in Brief
Indian E-Commerce Firm Meesho’s Quarterly Loss Spikes as It Ramps Up Marketing
Meesho has carved out a niche for itself by offering low-priced products without charging sellers a commission.
Swatch Gives Upbeat Growth Outlook After Second-Half Rebound
The owner of Omega and Longines said positive sales momentum that accelerated over the fourth quarter continued in January across all price ranges, with CEO Nick Hayek flagging a pickup in China.
Church & Dwight Exceeds Outlook On Stronger Sales
The personal care giant cited Hero acne products and the 2025-acquisition of Touchland hand sanitiser as growth drivers.
Astra Signs Obesity Drug Deal in China Worth Up to $18.5 Billion
AstraZeneca agreed to pay Chinese company CSPC Pharmaceutical Group Ltd. as much as $18.5 billion for its obesity drug candidates, as the UK drugmaker tries to push into the growing weight-loss market.
Givaudan Sales Slowdown Sends Fragrance Maker’s Shares Falling
The Swiss firm missed expectations for yearly organic sales growth on Thursday, as weaker performance of its flavours business outweighed resilient growth in fine fragrances.
Winter Games in Italy Attract Luxury Brands Seeking Global Stage
Luxury fashion brands are seeking to capitalise on the Milano Cortina Winter Olympics, opening boutiques, sponsoring teams and launching collections.
Saks Will Close Most Off 5th Stores With Big Clearance Sales
The bankrupt department store operator will focus instead on its luxury offerings at Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman chains.