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Apparel DECODED

Latest edition: 20 May 2024
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Spotlight

Explainer: Adidas grapples with the legacy of alleged wage theft in Cambodia

A GlobalData analyst believes it is unlikely German sportswear giant Adidas will attempt to resolve the issues concerning its alleged treatment of workers in its Cambodian supply chain in the short term, following news that the region's union leader planned to attend the brand's Annual General Meeting on 16 May.

Latest news

Week in Review: 27.6m in forced labour despite proven solutions

Fashion brands and retailers will continue to be tripped up by laws targeting forced labour in supply chains until they advocate for the scaling of solutions that tackle the issue.

In data: UK sees ‘big' wage increase for textile, leather, clothing manufacturing

A report by Journo Research and fintech group Plus500 has revealed a significant increase in wages in the UK with textile, leather and clothing manufacturing roles coming out on top.

Gildan lawsuits filed against investor Browning West dismissed by court

Browning West, a long-term shareholder at Gildan Activewear, announced that two "meritless" lawsuits filed against it by Gildan’s Board of Directors have been dismissed.

SLCP sees increased uptake as users target audit fatigue elimination

Multi-stakeholder initiative Social & Labor Convergence Program (SLCP) has shared its third annual Impact Report, revealing that 74 brands, retailers and standard holders have now agreed to use its data instead of other audit tools.

British Footwear Association names industry veteran as CEO

Richard Shetliffe has been named as the new CEO at the British Footwear Association, with previous experience at Dr. Martens, Havaianas and the Dune Group.

National Cotton Council welcomes US Farm Bill

The National Cotton Council (NCC) has welcomed new legislation, introduced by House Agriculture Committee chairman Glenn Thompson that would see significantly increased support levels for cotton producers in the US.

ASOS taps into lucrative Indian fashion market

India's fashion market is projected to grow at a CAGR of 5.2% between 2023 and 2028.

Read Press Release

: group aims to increase sales revenue in mid to high single-digit percentage range with an underlying profit margin of slightly more than 30 percent Rapid reduction of leverage through strong operating cash flow planned; acceleration through additional capital measures remains an option Investment program focused on innovation, customer proximity, resilience, and sustainability in execution Medium-term ambition through to 2028: average annual increase in sales revenue of more than 10 percent expected; profit margin to increase to around 34 percent by 2028 Uncertainties remain high due to the global political and economic situation The life science group Sartorius expects a return to profitable growth in 2024 and a dynamic business development for the five-year period through to 2028.