BusinessMember
Boohoo faces new 10-million-pound claim over Leicester sweatshop scandal
The shareholder lawsuit against Boohoo continues to grow. The Telegraph reported that 11 additional institutional investors have joined the High Court claim against the fast-fashion retailer, adding roughly 10 million pounds in new claims and pushing the total compensation sought to 245 million pounds. The new claimants include the Bank of Korea...
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BusinessMember
European 'destruction ban' is officially in effect: a historic day for fashion?
From July 19, clothing brands are no longer allowed to burn their excess stock or have it 'destroyed' in any way. This makes it less attractive to order in bulk from factories, which involves large orders at a low cost. From now on, the buyer will have to pay for what is left over. 'Ban on destruction of unsold goods' in brief In Europe, an...
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