عربي English Türkçe اردو فارسى
Logo
Latest News
Fashion

H&M Says it Will 'Phase Out' Sourcing from Myanmar

FILE PHOTO: Workers tailor and arrange clothing at a garment factory at Hlaing Tar Yar industry zone in Yangon March 10, 2010. REUTERS/Soe Zeya Tun/File Photo
FILE PHOTO: Workers tailor and arrange clothing at a garment factory at Hlaing Tar Yar industry zone in Yangon March 10, 2010. REUTERS/Soe Zeya Tun/File Photo
TT
TT

H&M Says it Will 'Phase Out' Sourcing from Myanmar

FILE PHOTO: Workers tailor and arrange clothing at a garment factory at Hlaing Tar Yar industry zone in Yangon March 10, 2010. REUTERS/Soe Zeya Tun/File Photo
FILE PHOTO: Workers tailor and arrange clothing at a garment factory at Hlaing Tar Yar industry zone in Yangon March 10, 2010. REUTERS/Soe Zeya Tun/File Photo

The world's second-biggest fashion retailer, H&M, has decided to gradually stop sourcing from Myanmar, it told Reuters on Thursday, as reports of labor abuses in garment factories in the country increase.
H&M became the latest brand to cut ties with suppliers in the country after Zara owner Inditex, Primark, Marks & Spencer and others. Some experts say the trend could ultimately leave workers in the country worse off.
"After careful consideration we have now taken the decision to gradually phase out our operations in Myanmar," H&M said in an email to Reuters.
"We have been monitoring the latest developments in Myanmar very closely and we see increased challenges to conduct our operations according to our standards and requirements."
Myanmar government spokesman Zaw Min Tun was not immediately available to comment on H&M's announced exit.
H&M said on Wednesday it was investigating 20 alleged instances of labor abuse at Myanmar garment factories that supply it, as a UK-based NGO said cases of alleged abuses including wage theft and forced overtime have multiplied since a military coup in February 2021.
The coup plunged Myanmar into an ongoing political and humanitarian crisis.
The garment sector is a key employer in the Southeast Asian country, where mostly women workers produce clothes and shoes for major brands in more than 500 factories.
"I regret H&M’s announcement, as it will have a negative impact on thousands of women workers in Myanmar," said Vicky Bowman, director of the Myanmar Center for Responsible Business and former British ambassador to Myanmar.
H&M said its exit would follow a "responsible exit framework" developed by IndustriALL, a global union that has been campaigning for brands to stop doing business in the country, and that was cited by Inditex as a reason for its withdrawal.

Most Viewed

 
 
Fashion

UK Retailer Debenhams Announces Return of McDonald as New Chair

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
TT
TT

UK Retailer Debenhams Announces Return of McDonald as New Chair

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

British fashion retailer Debenhams said on Friday Iain McDonald has returned to its board as chair, replacing Tim Morris, as the company looks to focus on rebuilding its equity value after completing the initial stage of its turnaround.

Here are some details:

McDonald stepped down in February after Debenhams launched an equity raise, in which McDonald and his fund Belerion Capital invested about $5 million, making him ⁠the ninth largest ⁠investor in the group, per LSEG data.

McDonald, who had served as a non-executive director since June 2017, stepped down to facilitate his fund's participation in the funding earlier this year.

McDonald ⁠is currently chair and investor at London-listed cosmetics group Revolution Beauty, whose shares have soared over 60% so far this year.

Debenhams, formerly known as Boohoo, has seen its shares rise 8.6% so far this year.

Debenhams on Thursday reported a 13.9% rise in first-half adjusted core profit, driven by a return to growth at ⁠major brands ⁠including PrettyLittleThing, boohoo and Karen Millen.

Morris is stepping down with immediate effect after serving as chair for nearly two years and oversaw the group's new strategy, which was led by CEO Dan Finley.

As part of Friday's changes, Debenhams also appointed Michael Stewart and Stephen Rothwell as independent non-executive directors, bringing expertise in capital markets, investment management, technology and AI-enabled consumer platforms.

Fashion

Next Nudges Up Profit Guidance but Sees UK Headwinds

Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo
Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo
TT
TT

Next Nudges Up Profit Guidance but Sees UK Headwinds

Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo
Shoppers walk past a NEXT retail store in London, Britain, January 2, 2025. REUTERS/Hollie Adams/File Photo

British clothing retailer Next edged up its annual forecast on Thursday, as it reported a 10.5% profit rise for its first half, but expects sales growth to slow in its second half and warned of headwinds in its core UK market.

The group, which trades from more than 800 stores in the UK and Ireland, including Reiss, Joules and FatFace outlets, and has an online ⁠operation serving the ⁠UK and overseas markets, said full price sales were 7.7% higher in the six months to August 1, helped by a hot summer in Britain.

But it said full price sales growth would slow to 5.8% in its second half, and moderated its second half sales growth expectations for the UK to 2.0% from 2.8%, flagging concerns in its ⁠home market which accounts for about three quarters of sales.

"Our primary concerns are rising inflation, higher mortgage interest costs and a weak employment market. These worries will only be compounded if they are accompanied by tax increases," it said in reference to new finance minister John Healey's first budget on October 28.

"It seems likely that it (the government) will have to increase taxes in order to fund its expenditure,” Reuters quoted it as saying.

British households will see their energy bills rise in October, inflation ticked up on Wednesday, and, last week, Next rival John Lewis highlighted a tough UK ⁠trading environment, saying ⁠consumers were holding back on bigger ticket items.

Rival Primark said trading in continental Europe remained challenging, though Zara owner Inditex reported a strong start to autumn trading.

Next made a profit before tax of £569 million ($762 million) in its first half. It said its international business had made an encouraging start to the season, and raised its second half sales growth guidance to 20.5%.

The retailer, whose shares have increased by a quarter over the last year, raised its profit before tax guidance for its year to January 2027 by £12 million ($16 million) to £1.255 billion, reflecting the small upgrade in sales expectations and some additional cost savings, mainly in warehousing. It made £1.158 billion in 2025/26.

Fashion

Ukrainian Fashion Designer Debuts Art between Air Raids

An empty street near the Ukrainian Foreign Ministry in Kyiv. (Asharq Al-Awsat)
An empty street near the Ukrainian Foreign Ministry in Kyiv. (Asharq Al-Awsat)
TT
TT

Ukrainian Fashion Designer Debuts Art between Air Raids

An empty street near the Ukrainian Foreign Ministry in Kyiv. (Asharq Al-Awsat)
An empty street near the Ukrainian Foreign Ministry in Kyiv. (Asharq Al-Awsat)

In Kyiv's largest art museum, Arina Petrova and her father Serhii busily applied the final touches to their mannequins, anxious that a Russian drone attack could delay her long-awaited debut.

The fashion-designing duo from Ukraine's "Bob Basset" art house were about to present Petrova's first ever collection -- an array of punk leather animal costumes.

But with Russian jet-powered drones now crashing into Ukraine's capital on a daily basis, triggering air alerts that paralyze life in the city, the pair had more pressing concerns.

"If it's in the shelter, fine -- we'll do it in the shelter," Petrova told AFP, adding she was prepared to bring all the models and their cellist down to the basement to showcase their work.

Petrova and her 50-year-old father run their punk fashion studio out of Kharkiv, a heavily attacked city close to the Russian border.

Having arrived to the capital by minibus, their designs in hand, the pair wanted to show through their art that Kharkiv was still very much alive.

Petrova was concerned that a drone could cut things short.

"We want to have time to say what we want to say," the 28-year-old said with a sigh.

If halted, they would continue underground -- even if they had to use the flashlights on their cellphones to light up the show, she said.

As Petrova adjusted the lace on a corset, an alarm started blaring: Russian jet-powered drones were approaching the capital.

Security guards evacuated the audience.

Outside, a woman in a red dress posed for a photographer. There was a heavy explosion, she flinched, and without hesitation, resumed her pose with a smile.

In the distance, a plume of black smoke rose among the buildings.

- 'Become a little more ferocious' -

While other designs on display at Kyiv Fashion Week were full of color, Bob Basset's collection was monochrome.

In front of large black drapes, the designers adjusted a black leather breastplate adorned with a feather-like design, to be paired with a black horse mask.

For her first collection, entitled "Mutabor" ("I shall transform," in Latin), Petrova based her designs on creatures her father had imagined -- dark, feathered animals with claws.

"I feel like during war, everyone has to become a little more ferocious... grow fangs," the designer told AFP.

"You acquire something from the animal that makes you stronger."

Before Russia invaded in February 2022, Bob Basset had built a reputation designing leather masks, some of them worn by metal bands Korn and Slipknot.

But as Russian troops approached the outskirts of Kharkiv in 2022, the group closed their workshop and the family moved west.

Far from his hometown, Serhii sank into depression.

Leaving his wife and children safe in Europe, he returned to Kharkiv, under bombardment.

"I'm afraid," he said. "But I'm even more afraid of not being able to do anything tomorrow."

Their collection at Kyiv Fashion Week is their first in 11 years.

- Fashion amid the bombs -

Wearing a mask himself to hide a squint, Serhii has made face coverings the focus of his work -- a way to reinvent his identity.

He began creating masks for free for wounded soldiers who wanted to hide their scars.

His daughter joined him, and despite the sleepless nights, the workshop in Kharkiv came back to life.

"If I hadn't come back, this collection would never have existed," she said.

With just a few minutes to go before the show, Petrova appeared agitated.

In Kharkiv, anxiety kept her awake at night, as Russia bombed warehouses and logistics centers, complicating their work.

"If something hits the studio, everything we've worked on for a year will be gone," she said.

"Every day, there's this feeling that we have very little time. Something could happen, and you'll never be able to finish."

During a brief moment of respite from incoming strikes, a cellist played for a few moments.

Then, silently, the models made their way through the crowd, their faces masked, amid the flashes of cell phones.

The performance ended in a mix of applause and air raid sirens.

A woman approached Serhii to congratulate him, wearing a dress made from pieces of drones.

In the courtyard, Petrova smiled, despite the explosions from air defenses in the sky overhead.

She's used to it. In Kharkiv, "only those who are capable of creating under these conditions remain," she said.