Bloomberg Bangladesh’s garment industry, the world’s No. 2 exporter after China, is facing a double whammy from slowing global demand and an energy crisis at home that’s threatening to thwart the nation’s pandemic recovery. Plummy Fashions Ltd, a supplier to PVH Corp, the parent company of fashion brand Tommy Hilfiger, and Inditex SA’s Zara, saw new orders in July ...

  Bloomberg PepsiCo Inc will pay $550 million for a stake in fitness-energy drink maker Celsius Holdings Inc as part of a long-term strategic distribution agreement. PepsiCo is getting convertible preferred stock equating to 8.5% ownership in Celsius, the companies said in a statement. The soft drink giant will become the preferred distribution partner globally for Celsius and will also ...

Bloomberg Amazon.com Inc said its carbon footprint grew 18% in 2021, as the company’s rapid growth during the pandemic overwhelmed nascent efforts to cut its contribution to the emissions warming the planet. The world’s largest online retailer emitted 71.54 million metric tons of carbon-dioxide equivalent last year, Amazon disclosed in an updated edition of its sustainability report. That’s up about ...