INDIA: Workers protest against Reebok restructure?
Employees from some 100 Reebok India franchisees are staging protests against the franchise model being introduced by owner Adidas, according to reports.
The franchisees have joined together to form the Delhi Reebok Franchisee Association and were protesting outside the company's Indian headquarters in Gurgaon, according to The Business Standard. The franchisees said the new terms were not viable, the report added.
The move comes after Adidas reiterated that some 900 Reebok stores would close, and that it will integrate its local sourcing activities as part of its restructuring plan in the country.
The sportswear giant is moving away from a minumum guarantee model - where franchisees were assured a minimum amount from the company, regardless of how much they sold. Now, Adidas plans to offer stock to franchisees at a reasonable discount.
Last week, the sportswear retailer said it remains committed to the restructuring programme in India, despite reports several Reebok franchisees were unwilling to change to the new model.
Adidas allegedly told 70 franchisees to accept the new terms or shut their shops by 31 August, Indian press reported.
Weak consumer spending, difficulties in securing credit, competition from China and the Far East resulted in factory closures and subsequent layoffs in 2012. But ramping up labour and sustainability s...
Women's wear retailer Cache has appointed Jay Margolis as its chairman and chief executive officer, replacing Thomas Reinckens who has stepped down....
Gene McCarthy, senior vice president of footwear at Under Armour, is to leave the performance apparel and footwear specialist next month....
Adidas has appointed the COO of its Chinese business, Erick Haskell, to head its operations in India. ...
Singapore-based apparel company Ocean Sky is set to be acquired by Luen Thai Holdings for US$55m. ...
Yue Yuen, the world's largest manufacturer of branded athletic and casual footwear, has seen its full-year profit jump 12.5% helped by higher sales and more stable material prices....
The most read stories on just-style this week include clothing and children's footwear boosting UK retail sales in November, a look at where the Tazreen fire leaves Bangladesh, and Reebok announcing i...
Sportswear brand Reebok is set to lay off 150 staff, and close its Hong Kong and Amsterdam offices, as part of plans to streamline its business....
- Marks & Spencer to extend mobile phone monitoring
- China tightens on corporate social responsibility
- Outdoor industry's future must be more inclusive
- Factoring: a lifeline for apparel suppliers?
- Responsible apparel sourcing requires teamwork
- Adidas "Reebok sale" would be admittance of defeat
- H&M and The North Face commit to responsible down
- Bangladesh taps factory inspectors ahead of review
- UPDATE: A&F appoints Horowitz to head Hollister
- Coats to open new zip factory in Bangladesh
- Ethiopia – the emerging textile and clothing industry
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Wool in the 21st Century: new prospects for a familiar fibre
- Global market review of denim and jeanswear – forecasts to 2020
- Prospects for the Textile and Clothing Industry in Vietnam