Naver acquires Poshmark for $1.2bn, expanding US footing
The South Korean conglomerate Naver acquired Poshmark in a $1.2 billion deal to expand its presence in the US commerce space.
Source: just-style.com
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EURATEX urges price cap amid EU Energy Council decision
EURATEX responds to the decision by EU's Energy Council, stating the move will only "accelerate the de-industrilisation of Europe."
Source: just-style.com
Tesco reports rise in clothing customers as shoppers seek affordability
Tesco has revealed an 8% increase in its UK clothing customers for the first half of 2022, highlighting a demand for more affordable options.
Source: just-style.com
Google accelerator to tackle fashion circularity
Google has launched an accelerator programme for start-ups and non-profits aimed at solving circularity challenges in areas including fashion.
Source: just-style.com
Inditex, IndustriAll sign new protocol for decent work
Inditex has signed a new agreement with IndustriALL Global Union for the defence of decent work in global supply chains.
Source: just-style.com