Bangladesh Safety Agreement Gains Traction in Europe as Gap and Walmart Push Back

Six more firms have signed on to the new Bangladesh safety agreement, including Carrefour, Benetton, Marks & Spencer, and Spanish retailer El Corte Ingles. American brand owner PVH has signed on, but other American firms including Gap have been reluctant to do so. The plan would require rigorous independent inspections and money to pay for safety upgrades such as fire escapes, along with…

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Luxury Spending in Britain Set To Double

Britain’s luxury sector will double by 2017, according to a two-firm study released this month. Walpole and Ledbury Research studied recent growth statistics and the expectations of industry leaders, and now predict a growth £12.2 billion, or $18.9 billion, over the next five years–£7.4 billion,… Read More

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