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financial+crisis
2020-06-05 08:03:51
Uzbekistan’s textiles industry benefits Mayer & Cie.
The measures undertaken to contain the spread of COVID-19 have contributed to order downturns from the German engineering sector. Among member businesses of the German engineering industry
2020-05-20 11:19:55
VF’s active segment up by 4% in fiscal 2020
According to its results for Q4 and fiscal year 2020, VF Corp saw a 2% increase in revenue for the full fiscal year 2020, reaching a total of $10.5 billion. Revenue in the active segment increased 4
2020-05-13 12:33:40
Patagonia following FLA guidance during pandamic
In a statement discussing the impact of covid-19 on its supply chain, outdoor brand Patagonia said it is following the Fair Labor Association (FLA) guidance on how companies can help ensure
2020-05-08 13:04:37
Lenzing’s performance impacted by the unpredictable market
In a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis, the Lenzing Group reports that it has held its ground well in the
2020-05-04 07:46:08
3M sued 5 Vendors who offered billions of nonexistent N95 respirators
3M has filed five legal actions in federal courts in Florida, Wisconsin and Indiana as part of its global effort to protect the public and combat fraud and counterfeiting. The lawsuits involve
2020-04-17 10:44:27
Who’s paying the garment workers?
As U.S. and European brands and retailers cancel or suspend orders amid the deepening coronavirus pandemic, labor advocates are demanding restitution for the millions of garment workers in Asia who
2020-04-08 11:18:53
H&M in talks to support Bangladesh workers during COVID-19
Fashion giant H&M said on Tuesday it is working with other companies to support garment workers in Bangladesh, where more than 2 million have been hit by factory closures as coronavirus lockdowns
2020-03-27 11:27:42
Senate’s $2 trillion war chest welcomed by AAFA
The American Apparel and Footwear Association (AAFA) has welcomed Senate approval of a US$2 trillion war chest which will ease the hardship felt by businesses across the country since the outbreak of
2020-03-04 09:01:01
Apparel companies become careful as OECD warns on coronavirus
Financial institutions have warned of the impact coronavirus could have on the global economy as clothing and footwear companies assess impact on supply chains, sales and revenue. The Organisation
2020-02-14 07:02:11
Ralph Lauren gives update on impact of Coronavirus
In response to continuing developments related to the coronavirus outbreak in China, Ralph Lauren Corporation is following the guidance of local authorities and global health organizations as it
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