Trade unions on Tuesday hailed a landmark ruling allowing complaints to proceed against two global fashion brands for allegedly violating an agreement to improve building safety in garment factories in Bangladesh.
Hong Kong-based garment supplier Crystal International's IPO has attracted investment from fashion giants including Uniqlo's parent company Fast Retailing Co. and Victoria's Secret's parent company L Brands Inc.
Retailers hoping to put themselves up for sale are in for a long winter. Take Nordstrom. With large insider stakes and growing revenue, the $6.7 billion department-store chain was a prime candidate for a buyout.
Weekly sales fell again at John Lewis in the latest seven days with the period to October 14 seeing a drop of 4.6% to £86.4 million. That’s bad news for a store that’s used to sales rise after sales rise.
It is possible that Britain will leave the European Union without a transition agreement, and companies need to do more to prepare for an abrupt departure, Irish Central Bank Deputy Governor Ed Sibley said on Tuesday.