Spanish fashion retailer Mango has closed a quite profitable year, seeing its full year net profit jumped by 79 percent. Profit after tax in 2012 amounted to 113.4 million euros, with 84 percent of turnover coming from foreign markets and 16 percent corresponding to the domestic market.
Zara has entered the Best Global Green Brands for 2013 for the first time. This ranking is elaborated by Interbrand, a consulting firm that focuses on sustainable aspects of brands. Adidas, Nike and H&M are the other textile firms that are part of this ranking.
Chinese authorities have started clamping down on the counterfeiting “free-for-all” that was normal in China ten to fifteen years ago. Raids in 125 cities nationwide by the authorities resulted in the seizure of millions of products due to be shipped to destinations such as the US, Europe and the Middle East.
In an unprecedented move, discount fashion retailer Primark has promised short and long-term compensation and food aid for the victims and their families of the Rana Plaza building that collapsed in Savar, close to the Bangladeshi capital of Dhaka on April 24.