Fashion giant H&M is failing to fulfill a pledge to ensure garment workers who supply its high-street stores are paid a fair “living wage”, forcing many employees to work excessive hours in order to survive, says group.
The accessories retailer received approval from the US Bankruptcy Court on Friday for its Third Amended Plan of Reorganization, putting the tween favorite on course to exit Chapter 11 bankruptcy in early October.
In the first half of 2018, Belgian-Dutch fashion company FNG Group recorded a revenue of €251.1 million. The group said that the focus on digitalization and rollout of new concepts contributed to its strong results.
Italy's Safilo Group has announced their third consecutive licensing agreement with Banana Republic for the brand’s eyewear collections, beginning on February 1 of 2019 and continuing through January 31 of 2025.