Companies to Sign Contract Ensuring Safety Rights for Its Workers
Further to the Bangladesh tragedy that we told you about a few weeks ago, several major European brands have pledged to sign a contract that ensures higher safety standards at manufacturing facilities in the region. The contract is titled “Accord on Fire and Building Safety in Bangladesh.” The agreement was drawn up by IndustriaALL Global Union and UNI Global Union and participating companies include:
Arcadia Group (the British company that owns Topshop)
El Corte Inglés of Spain
Kik and Aldi of Germany
N Brown Group
PVH Corp. (the U.S. company that owns Calvin Klein and Tommy Hilfiger)
Tchibo of Germany
Many American companies such as The Gap and Wal-Mart have yet to sign.
A&F’s ‘Buzz Score” Plummets
Market research company Yougov has conducted an analysis of Abercrombie and Fitch, following last week’s revelation of statement made by founder, Mike Jeffries, in which he was quoted as saying that he makes clothes for the “cool kids”.
YouGov created a “Buzz score” to a company based on the balance of positive and negative things consumers have heard about it in the past two weeks. A&F’s rating among 18- to 34-year-olds slipped from 1.9 on April 29 to -3.3 on May 3, the day retail expert Robin Lewis revived the old comments.
Since then, the Buzz score has continued to drop, dipping to -11.3 on May 8 and a low of -17.3 on Tuesday while competitors like American Eagle Outfitters Inc. and H&M have maintained positive ratings.
Rafé Totengco to Recieve Iconoclast Award
On June 19 at the School of Visual Arts Theater in New York, The Independent Handbag Designer Awards will honor Rafé Totengco. The accolade is being presented is the Iconoclast Award, a prize given to standouts in the handbag industry. Rafé Totengco was also recently approached by Target to be the first designer to create a capsule accessories collection.
The Watch of Chanel’s Beau to be Sold
The Breguet pocket watch that belonged to Coco Chanel’s one-time lover Paul Iribe will be up for auction on June 11 at Bonhams’ Fine Watches and Wristwatches Sale in London. Iribe was said to have worked as an illustrator and artist and he made a living crafting film sets in Hollywood before returning to Paris where he met Chanel in the early Twenties. The very year that Iribe bought the Breguet watch is the same year he and Chanel created a jewelry collection together, which was the commissioned project of International Guild of Diamond Merchants.
Jewel Heist in Cannes
Over €1 million worth of Chopard jewelry has been stolen from a Novotel hotel in Cannes this week. The jewels were intended to lend stars during the course of the annual film festival. The Swiss luxury brand told the BBC that the jewels were taken directly from the safe of one of their employees. Chopard, who is an official sponsor of the Cannes Film Festival has yet to recover the goods.
The Cannes Film Festival Jewellery Raid [Vogue UK]