The Commission hopes the rules will incentivize clothing companies to reduce waste and increase the circularity of textile products — designing better products from the start.

China imported just 490,000 tons of cotton during the first five months of 2023, half the amount compared to the same period in 2022. 

The deal comes on the back of a recent foray into the U.S. logistics sector that saw the family office spend close to a billion dollars on warehouses across the country.

Demand for apparel and accessories is declining, and Macy’s cut back its full-year outlook on sales and profits June 1.

The problem of omnichannel retail returns is one that must be addressed.

It's important that companies prepare now for a coming growth spurt, says Gregor Baumeister, director of warehousing and distribution at Beumer Group.

Ten years on from the Rana Plaza factory collapse, governmental bodies around the globe are taking on more responsibility for worker safety and corporate due diligence. But it's not enough.

The new valuation puts the stake held by its chair and chief executive, Bernard Arnault, at $212bn – cementing his position as the world’s richest person.

Fast Retailing had originally performed compliance checks only on plants operated by primary and secondary suppliers. Now, Uniqlo will handle compliance checks for third-tier cotton spinning mills.