The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models.
The company said Wednesday it will step up investment in a supplier programme launched last year after a UK television documentary claimed it found labour abuses at two supplier factories. It initially pledged $15 million to upgrade hundreds of facilities in its supply chain, but is now adding $55 million to the fund.
Most of that money will be spent on a new R&D and training centre focused on driving even more efficiency into Shein’s production model. But the company also plans to spend $10 million on housing and recreation facilities and $5 million to build and staff 60 childcare centres in the communities where its suppliers operate.
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Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
With 100 tons of clothing from the West discarded every day in Accra, ‘fast fashion’ brands must be forced to help pay for the choking textile waste they create, environmentalists say.
The former Vogue Ukraine fashion director and LVMH Prize finalist’s upcycled tailoring label Bettter aims to become a platform that helps big brands give deadstock garments new life.
The buzzy concept is a chimaera that distracts from the root cause of fashion’s worsening environmental impact: overconsumption, argues Ken Pucker.
Kering, LVMH and H&M are among a handful of companies pioneering a new science-based framework to measure, disclose and address their impact on nature.