Source: Business of Fashion
Summary
Fashion brands, including Gucci, Prada, and Saint Laurent, have pledged to pay their suppliers within 60 days as part of a new initiative to improve supply chain transparency and fairness. The initiative, launched by the Fashion Pact, aims to promote responsible business practices and ensure that suppliers are paid on time. Next has also renewed its call for a living wage commitment in Cambodia, while Gap is pushing for compensation for fired Haiti workers. A coalition in Australia is advocating for mandatory human rights due diligence.
Our Reading
The trend returns with a new name. Luxury brands, once again, promise to do better. Gucci, Prada, and Saint Laurent join the Fashion Pact, but the cycle of broken promises remains. Next’s call for a living wage in Cambodia feels like a reprise. Gap’s push for compensation in Haiti is a familiar tune. The look of responsibility is back in style.
Author: Evan Null
