CROWELL & MORING news and archive

ESG in fashion (2) : the EU framework on greenwashing in the fashion industry

Brussels – Whereas more than half of the EU consumer population is found to be receptive to green claims, only one-fifth appears to actually trust the sustainability claims made by brands. More and more, the market is realizing that “sustainability” is more than a buzzword and green claims should be substantiated by clear and transparent data....

Business |In depth Featured

ESG in fashion: a general overview of the EU framework on environment, social and governance criteria in the fashion industry

Brussels – More and more fashion companies are announcing programs with ambitious (some more than others) goals in relation to environmental, social and governance criteria. Recently ASOS launched its ‘Fashion with Integrity’ (FWI) 2030 programme, committing to achieve Net Zero across the full value chain by 2030. Also consumer demand is not...

Fashion Featured

European Commission fines Guess almost 40 million euros in new crusade against online distribution restrictions

Brussels - On 17 December 2018, the European Commission fined the clothing company Guess 39.8 million euros for infringing EU antitrust rules by imposing restrictions on retailers’ ability to compete online. Concerns included ‘geo-blocking’ (i.e., restrictions on the EU territories into which retailers were allowed to sell Guess products),...

Retail |BUSINESS & OPINION Featured

Everyone Loses in a Tariff War

As of June 22, 2018, the European Commission imposed temporary twenty-five percent ad valorem tariffs on certain goods originating in the United States and imported into the European Union. The list of goods affected by these tariffs includes cosmetic preparations, t-shirts, trousers, denim, and footwear, among others. This measure was in direct...