OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
The initiative is the latest attempt by the industry to clean up its image and expunge the scourge of "blood diamonds" blamed for financing conflict in poor African countries, such as Sierra Leone and Liberia.
Online retailers need to step up and take more responsibility for establishing the provenance of products they sell to ensure real fur labelled as faux isn’t slipping through, a UK committee of MPs has said.
A group of politicians and union leaders have asked Shop Direct to reconsider its plans to relocate its fulfilment sites in Greater Manchester, after it announced that the move would result in almost 1,800 job losses.