NGO Slams Fashion’s Most Widely Used Sustainable Cotton Scheme for Failing to Tackle Deforestation The fashion industry has long been under scrutiny for its environmental impact, particularly in the realm of cotton production. As consumers become more conscious of the origins of their clothing, many brands have turned to sustainable cotton schemes to alleviate concerns […]
The Body Shop’s Suppliers to Receive No More Than a Quarter of £219 Million Owed
The Body Shop’s Suppliers to Receive No More Than a Quarter of £219 Million Owed The Body Shop, a renowned ethical beauty retailer, is facing a challenging situation as it navigates through the aftermath of falling into administration. With approximately £219 million ($284 million) owed to its suppliers, the company has announced that these creditors […]
EU faces pressure to boost semiconductor supply chain
EU Urged to Expand Semiconductor Supply Chain Coverage Semiconductor leaders are knocking on the European Union’s door, urging policymakers to ramp up efforts in bolstering the semiconductor supply chain. This call to action comes as a response to the pressing need for a more comprehensive approach to the production of chips, with a particular emphasis […]
Zara Owner Inditex’s Transport Emissions Balloon to Record Highs
Zara Owner Inditex’s Transport Emissions Balloon to Record Highs Inditex, the powerhouse behind popular brands like Zara, Massimo Dutti, and Pull&Bear, has recently found itself in hot water as its transport emissions skyrocketed to unprecedented levels. Despite setting ambitious climate goals, the company’s efforts seem to have fallen short, with transport-related carbon emissions surging at […]
Walmart Asks Chinese Suppliers for Major Price Cuts on Trump Tariffs
Walmart Requests Chinese Suppliers for Significant Price Reductions Amid Trump Tariffs Amid the ongoing trade tensions between the United States and China, major retail giant Walmart has taken a bold stance by asking its Chinese suppliers for substantial price cuts. The request comes as a response to the tariffs imposed by the Trump administration, affecting […]
Malaysia works with US and Singapore on Nvidia chip probe
Malaysia Collaborates with US and Singapore in Nvidia Chip Probe Malaysia, a key player in the semiconductor industry, has found itself at the center of a significant investigation involving US-sanctioned AI chips. Recent reports suggest that these chips, developed by the renowned tech giant Nvidia, may have been illicitly shipped through Malaysian territory. The revelation […]
Abercrombie & Fitch Deepens Retail Gloom With Tepid Forecast, Shares
Abercrombie & Fitch Faces Challenges in the Retail Landscape Abercrombie & Fitch, a renowned name in the fashion retail industry, has recently painted a somber picture for its future. The company has forecasted weaker annual sales growth, sending ripples of concern through the market. This announcement comes hand in hand with a warning of softer […]
European Commission unveils major clean industry support package
European Commission’s Bold Move towards Green Industries: A Major Clean Industry Support Package Unveiled In a significant stride towards a sustainable future, the European Commission has recently revealed a comprehensive clean industry support package aimed at bolstering the green sector. With Brussels spearheading the initiative, the package seeks to advocate for long-term renewable energy support […]
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation In a significant development, an Italian court has lifted the supervision of a Dior unit over allegations of labor exploitation. This decision comes after the luxury fashion house faced scrutiny when Italian prosecutors linked it to sweatshops on the outskirts of Milan. The company, known […]
The EU’s Retreat on Sustainability Regulations, Explained
The EU’s Retreat on Sustainability Regulations, Explained The European Union has long been a global leader in pushing for sustainability regulations across various industries, including fashion. However, a recent move by the EU to relax stringent sustainability rules has raised eyebrows and sparked debate within the business world. The proposed changes would ease the burden […]