Benetton

10 years after the Rana Plaza collapse, fashion has yet to slow down

Retrieved on: 
Friday, April 28, 2023

This week marks at once the annual campaign of the Fashion Revolution and the 10th anniversary of the tragic collapse of the Rana Plaza garment factory building.

Key Points: 
  • This week marks at once the annual campaign of the Fashion Revolution and the 10th anniversary of the tragic collapse of the Rana Plaza garment factory building.
  • The event, which killed over 1,100 garment workers and injured two thousand more, sparked a global debate at the time about the true cost of the fast fashion industry.

The fashion industry, ten years on from the disaster

    • In fact, it would appear the pace in the fashion industry has accelerated.
    • In this regard, no one can deny it is important we have a public conversation about the toll fast fashion is taking on people and the environment.
    • Started in early 2022, our ongoing research on slow fashion shows that there is a more beneficial way to move away from fast fashion.

A closer look at consumers’ perspective

    • Consumers are held responsible for issues that they are not the architect of.
    • Rather, we argue they are the victims of a system that glorifies outfit variety and makes exposure to fast fashion items unavoidable.
    • Aggressive social media advertising keeps consumers addicted and influencer-generated content of #sheinhauls further normalizes enormous volumes of disposable fashion.
    • Even when consumers try to step out of this treadmill, they often struggle to orientate themselves toward ethical options.

Slow fashion tips from experts

    • Our aim is to better understand how slow fashion practices empower individuals and help them gain a sense of control by decelerating the pace of their fashion consumption.
    • To explore this, we are currently following 14 slow fashion consumers and observing their practices, from carefully picking fabrics and threads to patch their clothes to patiently rummaging clothing racks at thrift stores.
    • Slow fashion is about mindfulness and attentiveness and can help consumers “get out of the frenzy in which [they] are in,” as one of our interviewees puts it.
    • This week represents a great opportunity to explore slow fashion practices and do something for individual, collective, and planetary well-being.

YOOBIC Ranked as 20th Fastest Growing UK Tech Company on the 2023 E2E Tech 100 List

Retrieved on: 
Thursday, April 27, 2023

NEW YORK, April 27, 2023 /PRNewswire/ -- YOOBIC , the all-in-one frontline employee experience platform, today announced that it has been recognised as the UK's 20th fastest growing tech business by the 2023 E2E Tech 100 list, in association with The Independent and with IWG plc as the strategic founding partner.

Key Points: 
  • NEW YORK, April 27, 2023 /PRNewswire/ -- YOOBIC , the all-in-one frontline employee experience platform, today announced that it has been recognised as the UK's 20th fastest growing tech business by the 2023 E2E Tech 100 list, in association with The Independent and with IWG plc as the strategic founding partner.
  • Shalini Khemka CBE and founder of E2E says: "To see so many extraordinary tech entrepreneurs in the top 100 from a host of innovative sectors is a testament to the amazing work the UK tech industry is achieving.
  • "We are incredibly honoured and proud to be recognized on the prestigious E2E Tech 100 list," said Fabrice Haiat, CEO and co-founder of YOOBIC.
  • "Achieving consistently high growth and recurring revenue as a privately-owned technology company is a testament to our commitment to innovation and excellence.

Fast fashion still comes with deadly risks, 10 years after the Rana Plaza disaster – the industry's many moving pieces make it easy to cut corners

Retrieved on: 
Saturday, April 22, 2023

On April 24, 2013, a multistory garment factory complex in Bangladesh called Rana Plaza collapsed, killing more than 1,000 workers and injuring another 2,500.

Key Points: 
  • On April 24, 2013, a multistory garment factory complex in Bangladesh called Rana Plaza collapsed, killing more than 1,000 workers and injuring another 2,500.
  • It remains the worst accident in the history of the apparel industry and one of the deadliest industrial accidents in the world.

Shamed into action?

    • While the government had stringent building codes “on the books,” they were rarely enforced.
    • Most workers lacked the information and power to demand safe working conditions.
    • The coalitions conducted factory inspections to identify structural and electrical deficiencies and developed plans for factories to make improvements.
    • Member companies set aside funds for inspections and worker training, negotiated commercial terms and facilitated low-cost loans for factory improvements.

The record since

    • At the end of five years, both initiatives reported that 85%-88% of safety issues were remediated.
    • In addition, more than 5,000 beneficiaries, including injured workers and dependents of victims, were compensated through the Rana Plaza Arrangement, receiving an average of about US$6,500.
    • Overall, I believe that these initiatives have been successful in bringing safety issues to the forefront.

Clothes yesterday and today

    • In the 1960s, the average American family spent 10% of its income on clothing, buying 25 pieces of apparel – almost all of it made in the United States.
    • Over these decades, low-income countries in Asia and Latin America started producing more garments and textiles.
    • Apparel production is labor-intensive, meaning these countries’ lower wages were a huge attraction to brands and retailers, who gradually started shifting their sourcing.
    • To meet the rapid growth of the apparel industry, however, many buildings were converted to factories as quickly as possible, often without requisite permits.

Everyone and no one

    • This can translate into exploitative labor practices or unsafe conditions that violate local laws, but enforcement capacity is weak.
    • The supply chain’s opaqueness, especially when brands do not source directly, makes it difficult to investigate and remediate these practices.
    • This complex system makes it hard to assign ethical responsibility, because everyone, and therefore no one, is guilty.

26FIVE Global Lab Appoints Ritesh Rao as CEO of its India Lab

Retrieved on: 
Wednesday, April 5, 2023

26FIVE Global Lab [“26FIVE”], the US-based brand growth management consulting firm and its global creative and technology labs, announces the appointment of Ritesh Rao as CEO of 26FIVE India Lab.

Key Points: 
  • 26FIVE Global Lab [“26FIVE”], the US-based brand growth management consulting firm and its global creative and technology labs, announces the appointment of Ritesh Rao as CEO of 26FIVE India Lab.
  • View the full release here: https://www.businesswire.com/news/home/20230405005783/en/
    Ritesh brings 18+ years of agency experience with leadership roles at Creativeland Asia, Isobar/Dentsu Group, and Lowe Lintas.
  • “26FIVE is behind the transformation of some of the largest brands in India,” said Ritesh Rao, CEO, 26FIVE India Lab.
  • I am excited to work with this energetic, insightful, and experienced team, and look forward to further amplifying its impact in this region.”
    Established in Mumbai in 2009, 26FIVE India Lab, formerly STC Associates, is the India-based creative and technology lab, part of the 26FIVE Global Lab network.

Invibes Advertising NV: 2022 Annual Results.

Retrieved on: 
Tuesday, March 28, 2023

The measures deployed over H2 2022 to lower the Company’s cost base substantially and reduce its cash burn going forward from 2023 onwards.

Key Points: 
  • The measures deployed over H2 2022 to lower the Company’s cost base substantially and reduce its cash burn going forward from 2023 onwards.
  • Invibes Advertising has continued to deploy its Invibes ID Network to offer an alternative to third-party cookies (which will progressively be discontinued), through Hashed emails, providing the same benefit and targeting advantages of the logged environments of the large platforms.
  • Invibes Advertising (Invibes) is an international technology company specialising in digital advertising innovation.
  • Visit: www.invibes.com
    Invibes Advertising is listed on the Euronext Stock Exchange (Ticker: ALINV – ISIN: BE0974299316)
    Read our latest press releases at: https://www.invibes.com/investors.html
    Follow the latest news about Invibes Advertising on: LinkedIn @Invibes Advertising Twitter @Invibes_adv

EQS-News: Boost to adesso Italia’s growth: adesso acquires Italian company WebScience

Retrieved on: 
Thursday, February 2, 2023

Boost to adesso Italia’s growth: adesso acquires Italian company WebScience

Key Points: 
  • Boost to adesso Italia’s growth: adesso acquires Italian company WebScience
    The issuer is solely responsible for the content of this announcement.
  • Boost to adesso Italia’s growth: adesso acquires Italian company WebScience
    Dortmund/Milan, 19 January 2023 – adesso is acquiring a 100% stake in Italian company WebScience, based in Milan, Italy.
  • As the newly renamed adesso Italia, the team at WebScience and its clients will benefit from the synergies offered by the adesso Group’s Europe-wide business.
  • In this function, he will oversee the integration of WebScience and the fledgling adesso Italia into the Europe-wide adesso Group.

YOOBIC Celebrates Banner Year in North America With Accelerating Global Growth

Retrieved on: 
Thursday, September 15, 2022

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- YOOBIC, the all-in-one digital workplace for frontline teams, today announced surging global growth, including 270% year-on-year sales growth in North America. The company's accelerating growth caps a banner year that also saw YOOBIC ink major deals with top global brands, build out its global teams, win plaudits from analysts and industry groups. The company also cemented strategic partnerships to expand its offering and fuel future growth, and completed its first acquisition with the purchase of Heystan, a digital training and knowledge management platform for employees in the catering and hospitality industries.

Key Points: 
  • NEW YORK, Sept. 15, 2022 /PRNewswire/ -- YOOBIC , the all-in-one digital workplace for frontline teams, today announced surging global growth, including 270% year-on-year sales growth in North America.
  • The company's accelerating growth caps a banner year that also saw YOOBIC ink major deals with top global brands, build out its global teams, win plaudits from analysts and industry groups.
  • The North American market saw explosive adoption, with the region's user-base growing 80% in the first 6 months of 2022.
  • Globally, YOOBIC onboarded more new users in the first 6 months of the year than in the whole of 2021.

DGAP-News: AUTO1 Group SE: AUTO1 Group announces extension of Supervisory Board

Retrieved on: 
Tuesday, August 2, 2022

Berlin, August 2, 2022 AUTO1 Group, Europes leading platform for buying and selling used cars online, announced two additions to its Supervisory Board, further strengthening the Groups marketing, financial services and ESG expertise.

Key Points: 
  • Berlin, August 2, 2022 AUTO1 Group, Europes leading platform for buying and selling used cars online, announced two additions to its Supervisory Board, further strengthening the Groups marketing, financial services and ESG expertise.
  • Gerhard Cromme, Chairman of the Supervisory Board of AUTO1 Group: We are very pleased that with Nelly and Lars we were able to win such renowned experts in their fields for our Supervisory Board.
  • As part of her supervisory board role at AUTO1 Group, Nelly chairs the Groups marketing and branding committee.
  • As part of his supervisory board duties at AUTO1 Group, Lars chairs the ESG committee and is also a member of the audit committee.

Hostile and Friendly Takeovers on the Rise Again in a Reinvigorated M&A Market

Retrieved on: 
Tuesday, April 12, 2022

VANCOUVER, BC, April 12, 2022 /PRNewswire/ -- A series of unpredictable moves by Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has led to speculation that the world's richest recorded person has opened the door to a hostile takeover of social media monolith Twitter Inc. (NYSE:TWTR). Beyond the potential for Musk to take decisive action, there are multiple other takeover bids and offers in place that represent premium prices for shareholders. These and other deals are driving overall M&A activity in the market back up, after a recent drop to pre-pandemic levels. Among these are a sizeable bid for energy tech developers Petroteq Energy, Inc. (OTCPK:PQEFF) by Viston United Swiss AG, a takeover offer by the billionaire Benetton family with Blackstone Inc. (NYSE:BX) of Italian infrastructure giant Atlantia SpA, and the $6.9-billion takeover of cyber security group SailPoint Technologies Holdings, Inc. (NYSE:SAIL) by Thoma Bravo.

Key Points: 
  • These and other deals are driving overall M&A activity in the market back up, after a recent drop to pre-pandemic levels .
  • From the top down, it appears that Viston's offer has been favorably received by the entire Petroteq team.
  • However, in the USA, investors can continue to trade shares under the OTC symbol PQEFF, in a form of merger arbitrage trading.
  • The leveraged buyout market is soaring again , as evidenced by the $6.9-billion takeover of cyber security group SailPoint Technologies Holdings, Inc. (NYSE:SAIL) by Thoma Bravo.

Hostile and Friendly Takeovers on the Rise Again in a Reinvigorated M&A Market

Retrieved on: 
Tuesday, April 12, 2022

VANCOUVER, BC, April 12, 2022 /PRNewswire/ -- A series of unpredictable moves by Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has led to speculation that the world's richest recorded person has opened the door to a hostile takeover of social media monolith Twitter Inc. (NYSE:TWTR). Beyond the potential for Musk to take decisive action, there are multiple other takeover bids and offers in place that represent premium prices for shareholders. These and other deals are driving overall M&A activity in the market back up, after a recent drop to pre-pandemic levels. Among these are a sizeable bid for energy tech developers Petroteq Energy, Inc. (OTCPK:PQEFF) by Viston United Swiss AG, a takeover offer by the billionaire Benetton family with Blackstone Inc. (NYSE:BX) of Italian infrastructure giant Atlantia SpA, and the $6.9-billion takeover of cyber security group SailPoint Technologies Holdings, Inc. (NYSE:SAIL) by Thoma Bravo.

Key Points: 
  • These and other deals are driving overall M&A activity in the market back up, after a recent drop to pre-pandemic levels .
  • From the top down, it appears that Viston's offer has been favorably received by the entire Petroteq team.
  • However, in the USA, investors can continue to trade shares under the OTC symbol PQEFF, in a form of merger arbitrage trading.
  • The leveraged buyout market is soaring again , as evidenced by the $6.9-billion takeover of cyber security group SailPoint Technologies Holdings, Inc. (NYSE:SAIL) by Thoma Bravo.