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UK asks fast fashion to explain climate impacts

Bloomberg UK lawmakers have written to the heads of online retailers including Amazon.com Inc. and Asos Plc to seek evidence about the environmental and social impacts of selling cheap clothes. The letter to the head of Amazon in the UK was prompted by evidence given to a panel of British politicians that heard the demand for affordable garments online is ...

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Police clear suspicious package found at Florida airport

Bloomberg Police have cleared a suspicious package found at Fort Lauderdale–Hollywood International Airport in Florida, the Broward county Sheriff’s Office said. A bomb squad was earlier investigating the report of a suspicious package at terminal four of the airport, police said. Roads leading into the airport had been closed due to the police activity, the airport said. The airport is ...

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China’s LVMH wannabe to slow M&A after $4bn spree

Bloomberg Ruyi Holding Group, the Chinese apparel firm that’s taking over Bally International AG, will slow its dealmaking after announcing more than $4 billion of overseas acquisitions in the past three years. The company will focus on integrating existing brands and ease its M&A pace in the short to medium term, chairman Qiu Yafu said in an interview in Hong ...

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