03 June 2024
03 June 2024
As Action, Collaboration, Transformation (ACT) announces fashion brands and IndustriALL Global Union are supporting its ongoing process of reaching a binding agreement on garment worker wages in Cambodia, Just Style explores what this means for the wider apparel sector.
Shein could be set to carry out the second-largest IPO in the history of the London Stock Exchange soon but once again it is making headlines for the wrong reasons; this time with allegations of “widespread” use of toxic chemicals in children's products. When will the scandals end?
Frasers Group owned Sports Direct emerged as the top brand to watch out for with a 21% jump in visibility over the year, according to a new report.
Ultra-fast-fashion giant Shein is said to be preparing a confidential prospectus to the London Stock Exchange in June for £50bn ($63.52bn) with an industry expert noting this would provide some 'opacity' to the wider apparel sector on how the company operates.
The increase in Egypt’s minimum wage by 50% this year has been met with concerns from the private sector, including apparel, which already has had to deal with high inflation and a weak currency.
The Science Based Targets Initiative (SBTi) is increasing its minimum scope 1 and 2 mitigation from below 2°C to 1.5°C and is also bringing in a new fossil fuel finance targets method option as part of its latest revisions.
The European Union has cemented its decision by adopting the "right-to-repair" directive to make repair a more “attractive” economic activity for the EU, consumers and the environment.
The boutique Kingpins denim trade show staged a “successful comeback” in China after a five-year absence from the market, drawing over 700 visitors.
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Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028.. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies.
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