reuters

H&M to “phase out” Myanmar sourcing after labour abuse reports

Published: August 21, 2023

H&M has said it will stop sourcing products from Myanmar following reports of labour abuses in the country. Read More...

JBS to close U.S. plant-based foods business

Published: October 5, 2022

JBS SA has announced that it will close its U.S. plant-based foods business Planterra Foods after around two years of operation.

Thousands of cattle sent to landfill in Kansas after heatwave

Published: July 27, 2022

After a heatwave killed thousands of cows, companies sent the carcasses to a landfill in Kansas, Reuters reports.

EU considering looser rules for sanctioned firms

Published: March 11, 2022

The European Union (EU) is reportedly considering easing up its state aid rules for companies affected by its sanctions on Russia over the invasion of Ukraine.

Conflict hits Turkish leather exports

Published: March 7, 2022

Leather goods and textile manufacturers in Istanbul have had US$200 million in orders cancelled as a result of Russia’s invasion of Ukraine.

Louis Vuitton to raise global prices

Published: February 16, 2022

A spokesperson for Louis Vuitton in China, speaking to Reuters, revealed that the fashion brand will raise prices this week as a result of increased manufacturing and transportation costs.

Armani sales jump 34%

Published: July 28, 2021

The Milan-based luxury designer Giorgio Armani has reported a sales jump of 34% in the first half of 2021, as business in China and the United States helped the group bounce back, although it said it could be next year before it fully recovers from the pandemic.

Pou Chen suspends Vietnam production due to Covid-19

Published: July 20, 2021

Footwear manufacturer and leading contractor to international brands such as Adidas and Nike, Taiwan’s Pou Chen Corp has suspended operations at its plant in Ho Chi Minh City on account of a Covid-19 outbreak in Vietnam’s business hub as of July 14, 2021. Shares in Pou Chen closed down 1.3% on the same day the announcement was made.

Luxury handbag retailers hike prices to mitigate pandemic losses

Published: July 9, 2021

The French luxury fashion houses Chanel and Louis Vuitton have increased prices of some of their most coveted products as they seek to make up for sales lost during weeks of coronavirus lockdowns. Chanel revenue fell 18% during pandemic.

Final bid submission deadline named for Reebok sale

Published: July 6, 2021

The German sportswear brand Adidas has drawn up a shortlist of bidders for its Reebok brand, news agency Reuters has reported. According to sources close to the matter, the investments proposed did not match Adidas’ expectations.