Markets

The Commons’ cross-party Environmental Audit Committee called upon executives from the sector regarding low-cost fashion’s environmental impact and the wages of garment workers.

“We will not see double digit growths in the sector anymore”, sentenced Joëlle de Montgolfier, Bain&Company analyst in the regions of Europe, the Middle East and Africa.

The Japanese giant of cosmetics has finished the period with a revenue of 805.76 billion yens (6.2 billion euros). The company aims at reaching a trillion yens (7.7 billion euros) in 2020.

The sector contracts business in the euro zone one more time after revenue went up in August, when sales raised a 1.1% after three months of decreases, according to Eurostat.

The African country is earning its position as global fashion’s future sourcing pole due to the proximity to Europe and low working costs. 

The International Cotton Advisory Committee predicts a contraction of cotton reserves in 6.6% during 2019, at the same time as the demand of this fibre increases.

Since the 1^st of November, some textile products imported from India which had zero tariffs back then will now have to pay taxes to enter the United States market.

A European Commission research team has travelled to the Asiatic country to begin a work of evaluation of the situation to decide on the exit of the country from the Generalized System of Preferences (GSP). 

Asia, Africa and Latin America already own the biggest number of urban concentrations in the world and brace this leadership for future years, according to the report by Euromonitor.

Representatives of twelve countries and the European Union gathered in Ottawa (Canada) and agreed to carry out some reforms to strengthen the world trade system after trade policies taken by the United States.

Inditex, H&M, PVH and the rest of the twenty companies that are part of the Action, Collaboration, Transformation (ACT) initiative have teamed up with the global trade union to try to implement a fairer salary policy among industry workers.