Tag: Fashion industry
Next bankruptcy: Esprit files for bankruptcy for its European business
As of: May 15, 2024 1:02 p.m Esprit files for bankruptcy for its European business. This is the fashion brand’s second bankruptcy in four years. The operation with 1,500 employees…
Hugo Boss boss in an interview: “My father would have said: Go change”
They’ve doubled the marketing budget, so you’re on the scene quickly. How sustainable is your growth anyway? If we had just doubled the marketing budget, we wouldn’t have gotten this…
Cult shoe brand: What’s going on at Dr. Martens crooked?
As of: April 16, 2024 2:48 p.m Weak demand from customers, but also Chinese low-cost suppliers such as Temu and Shein, are making the London shoe brand Dr. Martens difficult…
More sales, more bankruptcies: depressed mood in the fashion industry
As of: March 21, 2024 4:38 p.m Business is going better again at German fashion chains. But the industry is struggling with the subdued buying mood. Some large companies have…
France debates law against fast fashion
As of: March 14, 2024 2:06 p.m From today on, France’s parliament is debating a bill that would regulate so-called fast fashion companies. There is talk of surcharges for cheap…
How weather and climate influence the fashion business
background As of: October 6th, 2023 12:20 p.m Ever want to buy a coat for the winter when it’s 30 degrees? For many consumers, this seems absurd. Some fashion companies…
Investigations against Ralph Lauren for forced labor in China
Status: 08/16/2023 1:02 p.m Canadian investigators are investigating whether Ralph Lauren supports forced labor in China’s Uyghur province of Xinjiang. Other Western companies have also been accused of profiting from…
Fashion Industry: “Fast Fashion” is slowing down a bit
Status: 06/18/2023 07:17 a.m Something is happening on the fashion market: Well-known brands are disappearing, new labels are entering the market. Sustainability plays a growing role – and production in…
Shockingly little has changed since the Rana Plaza disaster – the economy
Ten years ago, a large garment factory in Bangladesh collapsed, killing more than a thousand people. The industry has vowed to improve, but many workers in the poor country are…
Fashion industry – Ortega subsidiary takes over at Inditex – Economy
Change in leadership at Zara parent company Inditex: The daughter of company founder Amancio Ortega, Marta Ortega, will take over the chairmanship of the board of directors in April, announced…