Published in Fashion on 05-06-2014
Michel Moortgat, the CEO of Belgian beer brewer Duvel-Moortgat, has won the Vlerick Award because of his company's sustainable approach to the top of the business.
He bested Christ'l Joris (ETAP Lighting), Martine Reynaers (Reynaers Aluminium) and Guido Vanherpe (La Lorraine Bakery Group) for the trophy.
The production and distribution of fashion causes major environmental and social problems and current efforts are not sufficient to make the sector truly sustainable. If fashion companies and retailers do not act quickly, their profitability will be compromised, according to a Barclays analyst report. Primark, Inditex, H&M and Zalando, among others, may feel addressed.
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Fashion chains Saks Off 5th and Dress for Less are going to join forces. Both companies are part of the Austrian Signa Group.
H&M plans to open a store in Panama before the end of the year: it will be the first country in Central America to welcome the Swedish fashion giant.