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Coronavirus to hit Vietnam’s garment industry hard – association chairman

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Vietnamese garment makers will face a severe shortage of materials starting in the second quarter because the new coronavirus has disrupted their supply chains, the chairman of the Vietnam Textile and Apparel Association said on Tuesday.

Photo: Shutterstock

Garments and textiles are Vietnam’s third-largest export earner, after smartphones and electronics. Garment makers in the Southeast Asian country rely heavily on materials from China, where the virus has killed more than 2,600 people.

“Domestic firms have sufficient materials for production until the end of the first quarter, but many of them will face severe shortage of materials from the second quarter because they have trouble importing materials from key suppliers in China, Japan and South Korea,” Vu Duc Giang told Reuters.

Giang said more than 50% of materials for the country’s garment industry are shipped from China.

“We don’t know yet to what extent the coronavirus will impact Vietnam’s garment output this year,” Giang in a phone conversation. “But we expect garment output in the first quarter to stay flat from a year earlier.”

Giang said several garment makers will have to cancel or delay deliveries of their products.

“We are trying to diversify our sources of materials to mitigate the impacts of the virus,” Giang said, adding that some companies are making more face masks and medical protective gear.

Vietnam’s garment and textile exports last year rose 7.8% to $32.85 billion, according to government’s customs data.

On Tuesday, Vietnam Ministry of Health said all of the 16 people confirmed infected with the coronavirus in the country had recovered.

© Thomson Reuters 2020 All rights reserved.

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Ted Baker names Osborne permanent CEO

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Ted Baker has finally found its new CEO with Rachel Osborne taking on the role permanently after several months as caretaker chief executive. 

Ted Baker

And they’ve certainly been a rollercoaster few months for the executive who only joined the company in November in the role of chief financial officer. She was catapulted into the vacant CEO’s chair just a month later and clearly is seen as having done a good job since then. 

Osborne has more than 20 years of relevant brand and retail sector experience and was previously at Debenhams where she had been CFO. She also held the same role at Domino’s Pizza Group, was finance director of group enterprise at Vodafone and finance & strategy director at John Lewis. She had previously also worked at Sodexo, Kingfisher and PepsiCo.

In recent months she’s been leading a significant period of change and transformation, including developing key strategic priorities for the firm’s hoped-for turnaround and the announcement of the sale and leaseback of the company’s headquarters at a significant premium to its book value. And, of course, she’s also been leading the firm during the unprecedented challenges presented by Covid-19.

Acting chair Sharon Bailey is continuing in her role for now and the firm is still seeking a permanent chair, although on Monday it said the search is progressing well”.

Baylay said of Osborne: “Following a thorough and competitive search process, the board is delighted that Rachel is being appointed as chief executive. Rachel has already made a significant contribution to Ted Baker, working tirelessly in recent months to develop a transformation plan for the business. She has brought hugely relevant retail and customer experience and is ideally positioned to lead Ted Baker’s turnaround in the future.”

Copyright © 2020 FashionNetwork.com All rights reserved.

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L’Oréal USA launches domestic Covid-19 relief efforts

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L’Oréal USA has launched several new initiatives to support Americans during the Covid-19 pandemic. 

L’Oréal

In a statement, the company said it will donate $250,000 to Feeding America, a nonprofit dedicated to hunger relief, to support the organization’s Covid-19 Response Fund. The donation comes as an extension of the company’s giving campaign in which the American arm of the beauty company will match additional employee donations dollar-for-dollar up to $25,000.

Like LVMH and Coty, L’Oréal has also made the choice to support healthcare workers fighting the Covid-19 outbreak by beginning the production of alcohol-based hand sanitizer at its North American manufacturing facilities, starting this week. The sanitizer will then be distributed to medical staff, as well as the company’s U.S. employees and partners, free of charge.

In addition, L’Oréal USA will donate protective masks from its operations facilities in North Little Rock, Arkansas, and Franklin, New Jersey, to local hospital systems in each surrounding community.

The company will further donate a supply of personal care products valued at more than $1 million, including cleansers and moisturizers, to the Covid-19 relief efforts of Feed the Children, a nonprofit focused on alleviating childhood hunger

To help its small-scale partners, L’Oréal USA said it will freeze the payments of very small and small-sized enterprises in its distribution network, including hair salons, until their businesses resume. The company will also shorten its payment times for small suppliers who have been hit by the virus’s economic impact.

“I know I speak for all of my colleagues when I say that we at L’Oréal USA feel a deep responsibility to do our part to help address this crisis in the many communities in which we live and work,” said Stéphane Rinderknech, president and CEO of L’Oréal USA, and executive vice president, North America.

“We stand in solidarity with the brave people who are tirelessly and selflessly working to end this pandemic, and it is our hope that, through these actions, we are able to provide some relief during this challenging time.” 

These new commitments come after the launch of L’Oréal’s Europe-wide Coronavirus Solidarity Program last week.

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Even Notorious Homebody Kylie Jenner Seems Bored AF Amid Long Coronavirus Quarantine!

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Don’t get us wrong — the self-isolation and social distancing practices we are going through right now are ABSOLUTELY the right thing to do with this pandemic, without question.

But the quarantine life has even the most content-heavy family among us — the Kardashian clan — grasping at straws right now with so many businesses and places shut down to fight the pandemic.

Related: Kylie Recalls Her Brutal 2019 Sickness And Hospitalization

Notorious homebody Kylie Jenner released a brand new video on her YouTube channel this weekend, which you can watch (above). In the new vid, which trended on the video-sharing platform all weekend long, she and three pals — Stassie Karanikolaou, Victoria Villarroel, and Yris Palmer — open up about which one of them is the most likely to do a variety of different things.

You can see it all go down (above), and it’s fine for a behind-the-scenes look into the makeup mogul’s life and all that — especially when it comes to learning about how best pal Stassie is a little bit of a wild child! Still… it pales in comparison to the actual physical fight that aired on KUWTK this week. Will all KarJenner content for the rest of this quarantine be downhill from that incredible moment?! Whatever is there to look forward to from here coming from the great city of Calabasas?? Woe is us! LOLz!

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