Published in Fashion on 13-05-2011
Ready-to-wear giants Primark and H&M promise continue to pay textile workers in Bangladesh, even though they are cancelling their orders because of the coronavirus crisis. They do so to support the badly affected country.
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Asos wants to raise more than 200 million pounds (230 million euros) with a new share issue, following the announcement of strong half-year figures. During the corona crisis, however, sales fell by almost 25 %.
In the first quarter of its financial year (up to 29 February), H&M doubled its profits and increased sales by 8 %. Good news then, until the coronavirus hit the world: in March, turnover was halved.