Tag: news

Skechers Acquisition: 3G Capital Finalizes $9 Billion Deal

3G Capital is poised to acquire Skechers following the clearance of all necessary regulatory approvals for the takeover. Valued at approximately $9 billion, the...

Gap Inc. Reports Flat Q2 Sales Amid US Tariff Concerns

Gap Inc. revealed that its net sales remained flat at $3.73 billion for the second quarter of fiscal year 2025 (Q2 FY25), anticipating a...

US Ends De Minimis Exemption: UK Fashion Industry Alert

The UK Fashion and Textile Association (UKFT) has raised alarms about the cessation of de minimis shipments to the U.S., indicating significant repercussions for...

US Tariff Threat: Time for India to Seek New Markets

In a few days, U.S. President Donald Trump’s additional 25 percent tariff on Indian goods will come into force, leaving Indian industries concerned about...

Fashion Industry Lacks Renewable Energy Targets: Report

According to a recent report from Sustainable Energy for All (SEforALL) based in Vienna, many leading fashion brands have yet to establish clear renewable...

FLA Launches Toolkit for Effective Labor Grievance Systems

The Fair Labor Association (FLA), a non-profit organization, has launched a comprehensive FLA grievance systems toolkit for companies designed to assist businesses in creating and managing...

H&M Partners with Rebl to Enhance Warehouse Automation

Swedish fashion retailer H&M has entered into a framework agreement with robotics company Rebl Industries to deploy Rebl's advanced AI-powered robots. Since mid-2024, H&M...

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