Supply Chain news and archive

NRF says US imports to remain lower than 2022 levels

The National Retail Federation (NRF) has said that it is expecting US imports to remain “well below” last year’s levels in 2023 as demand continues to falter in the region. This is according to research carried out by the organisation and Hackett Associates, which collaborated on the Global Port Tracker report for 2023. While levels are still...

Business

Mango signs Pakistan Accord, extends commitment to garment workers

Spanish retailer Mango has announced that it has signed the Pakistan Accord, an employment safety initiative looking to ensure protection of workers in the region. It extends the brand’s previous commitment to the Accord on Fire and Building Safety in Bangladesh, which it initially signed in 2013, expanding the group’s commitment to another key...

Business

OTB Group acquires stake in leathergoods manufacturer

Italian fashion group OTB has acquired a majority stake in Frassineti, a Florence-based leather goods manufacturer. Frassineti has been a long-term supplier of Jil Sander, one of OTB's star portfolio brands. This acquisition is part of a growing trend among luxury groups to invest in their supply chain and maintain valuable skills and ensure...

Business

Shein to invest 150m dollars in Brazilian garment manufacturers

Shein, the Chinese ultra fast-fashion retailer, has been investing in Brazilian garment manufacturers in order to expand its production capabilities and shorten its supply chain. On Thursday the company said it would invest a further 750 million reais (approximately 148.9 million dollars) to establish a network with thousands of textile...

Business

Prada invests 60 million euros in its supply chain

Prada on Thursday said it is investing 60 million euros in its supply chain, boosting production at its knitwear factory in Torgiano, Umbria. The capital injection will improve its facilities and upgrade technologies. The Group is also eyeing to acquire smaller factories where it can be competitive in its craft and increase output. In 2018 Prada...

Fashion

Better Cotton trials traceability solutions across Indian supply chains

The non-profit organisation Better Cotton is trialling a pilot program, implementing different innovative traceability technologies in order to determine the best way to ensure transparency across cotton supply chains. To develop better digital traceability and conclude the potential of each solution, the initiative partnered up withRetraced,...

Business

LVMH acquires French manufacturer of fine jewelry, Platinum Invest

While it has just announced that it has exceeded 21 billion euros in turnover in the first quarter, the luxury giant LVMH is continuing its investment path in the jewellery sector with the acquisition of the French group Platinum Invest. Revealed by WWD, the takeover of the Platinum Invest group by LVMH should be concluded before the end of this...

Business

Alibaba and L’Oréal partner on promoting a circular economy in China’s beauty market

Marketplace giant Alibaba has signed a three-year partnership with cosmetics conglomerate L’Oréal which will centre around the promotion of a circular economy in China’s beauty industry. The signing ceremony took place alongside French president Emmanuel Macron’s three-day visit to the country, during which Alibaba’s chairman and CEO, Daniel...

BusinessFeatured

Puma opens up its supply chain to young environmental changemakers

Sports company Puma is offering four, young, environmental “voices” from across Europe and the US a “seat at the table” to review its sustainable practices and hold the brand accountable. Puma is calling the initiative ‘Voices of a Re:Generation,’ as part of its ‘Forever Better’ sustainability plan. The year-long project will gather insights and...

Business

Better Cotton outlines new impact targets for 2030

Cotton sustainability organisation Better Cotton has outlined four new impact targets as part of its ongoing 2030 Strategy and plans to drive change in key areas of the industry. The four targets focus on soil health, women’s empowerment, pesticides and sustainable livelihoods, with each sitting alongside the initiative’s initial commitment...

People

Burberry taps supply chain chief from Kering

British heritage brand Burberry has named Klaus Bierbrauer as its chief supply chain and industrial officer, with immediate effect. In the newly-created role, Bierbrauer will lead Burberry’s supply chain and product development teams globally. He will also join Burberry’s executive committee and report directly to chief executive Jonathan...

Business

Prada Group to recruit 400 people to strengthen production

Prada Group has said that it is set to recruit over 400 people by the end of 2023, in a bid to build up its production capacity and craftsmanship expertise in Italy. The strategy hopes to develop the luxury group’s facilities, as well as support its commitment to foster the craftsmanship and skills of its employees. According to the company, the...