Business

European Parliament approves draft law to improve environmental, social practices of supply chains

The European Parliament has voted in favour of a draft law to ensure large companies crack down on suppliers not following certain rules in terms of their social and environmental practices. The Corporate Sustainability Due Diligence Directive (CSDDD) addresses areas including child labour, slavery, labour exploitation, pollution, environmental...

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Fashion

31 Brands join schedule for Copenhagen Fashion Week SS24

The lineup for Copenhagen Fashion Week (CPHFW) SS24 has been unveiled, with 31 brands set to take to the event after being approved via the organisation’s strict screening process against 18 Minimum Standards. As part of the fashion week, set to take place between August 7 and 11, a range of new designers will take part in the CPHFW NewTalent...

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Fashion

Grace Wales Bonner named winner of the 2023 BFC/GQ Designer Fashion Fund

Grace Wales Bonner has been awarded the esteemed BFC/GQ Designer Fashion Fund, presented by the British Fashion Council Foundation. The fund, dedicated to honouring exceptional talent and creativity, aims to empower businesses by providing tailored high-level business mentoring and professional services. Ms. Wales Bonner triumphed over a...

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Business

Asos believed to have received takeover offer, Frasers Group ups share

Shares for struggling online retailer Asos were boosted 7 percent after speculation over a rumoured takeover bid ran rampant through the media. According to The Sunday Times, the company was approached with a 1.24 billion dollar takeover bid in December 2022 by Trendyol, a Turkish online competitor backed by Chinese e-commerce giant Alibaba. The...

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