Fashion
UK retailer ASOS & ITF sign deal to protect transport workers’ rights

The partnership builds on ASOS’ long-standing leadership in embedding human rights across its business and supply chains, extending this commitment into transport and logistics.
Under a legally-binding human rights due diligence (HRDD) agreement, ASOS and the ITF will cooperate in conducting HRDD in ASOS’ transport operations and logistics, ensuring respect for human rights and sustainability throughout ASOS’ supply chains. ITF will support ASOS in its HRDD policy design, the identification, avoidance and mitigation of risk, and the determination of remedies if rights are violated.
ASOS has signed a legally-binding human rights due diligence (HRDD) agreement with the International Transport Workers’ Federation (ITF) to protect transport workers and strengthen supply chain sustainability.
The pact includes monitoring, remediation, gender equality, and climate action, extending ASOS’ human rights focus into logistics while setting new benchmarks for GNFR supply chain standards.
ASOS and ITF will also engage with ASOS’ brand partners to share resources and educational tools on HRDD relating to transport and logistics.
ITF General Secretary, Stephen Cotton, said: “ASOS has been leading the charge from businesses that demand better protection for people and planet through human rights due diligence. So, we’re delighted to team up with ASOS in order to raise the bar globally for the transport workers who keep our world moving.
“Agreements like this are helping the ITF to shift the dial on the protection of transport workers’ rights. But we can only do this in tandem with pioneering, progressive businesses like ASOS, who are ready to push far beyond the minimum of what’s legally required of them.”
ASOS and the ITF will also work together on climate change and gender equality – key issues affecting transport and logistics workers in both directly operated and subcontracted transport operations in ASOS’ global supply chain.
ASOS Chief Executive Officer, José Antonio Ramos Calamonte, said: “Enhancing the human rights of everyone involved in our value chain – from designing and making clothes, to warehousing, shipping and delivery – has been a core mission for ASOS for close to a decade. Our new agreement with ITF will enable us to take our work even further and extend our action to protecting and improving the human rights of workers in our transport and logistics supply chain, reducing risk and improving supply chain resilience while delivering positive change for the people supporting our business.”
Under the agreement, the following key elements will form the basis of the conduct of HRDD in ASOS’ transport operations and logistics:
- Meeting or exceeding the policies and practises outlined in the ITF Supply Chain Human Rights Principles and the ITF’s Eight Principles for Decent Work in Warehousing, Distribution and Logistics
- A monitoring and compliance mechanism based on worker-centred HRDD approaches, including the ITF’s HRDD Guidance
- Providing for or cooperating in remediation for rights violations, including when appropriate through collective bargaining with the ITF and/or its affiliated trade union members
- Creating an enabling environment for mature industrial relations in ASOS’ own operations and supply chains; where possible, granting the ITF and its affiliates access to transport and logistics suppliers and workplaces within ASOS’ supply chains
In addition, ASOS will consider the ITF as a ‘stakeholder’ for any relevant legislation, as regards the human rights of transport and logistics workers in ASOS’ directly operated and subcontracted supply chain transport operations. ASOS also commits, where possible, to join the ITF in its national and international advocacy for high standards in transport supply chains.
“There’s no doubt that ASOS is leading the way in ensuring rights are protected in the ‘goods not for resale’ (GNFR) part of its supply chain,” added Cotton. “Many businesses are far too slow at prioritising GNFR and what it can mean for protecting millions of workers worldwide from rights abuses. But when a retailer like ASOS takes a lead on this, it sends a clear message for other business to step up to the plate.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
Indonesia, China unveil new local currency settlement framework

The new framework is based on a memorandum of understanding signed in May this year, which upgraded a previous cooperation framework by expanding the scope of local currency settlements to cover all balance-of-payments items.
The two central banks also announced the start of a two-way trial of a cross-border QR code interconnection project, which will allow transactions to be settled in local currencies and is expected to be fully operational this year, a Chinese state-controlled news outlet reported.
The central banks of China and Indonesia have launched a local currency settlement framework for bilateral transactions to facilitate further use of local currencies in trade and investment.
Both also announced the start of a two-way trial of a cross-border QR code interconnection project, which will allow transactions to be settled in local currencies and is expected to be fully operational this year.
The two banks will also establish a joint working mechanism to institutionalise bilateral cooperation further, and to promote deeper, more solid financial cooperation, the central bank of China said.
Fibre2Fashion News Desk (DS)
Fashion
Kering Eyewear announces new global deal with Valentino

Published
September 15, 2025
Kering’s full takeover of Valentino may be delayed but the French luxury giant is still deepening its ties with the Italian label.
On Monday, Kering Eyewear and Valentino officially announced a newly signed global agreement. The exclusive collaboration will grant Kering Eyewear the rights to develop and distribute the sun and optical collections under the Valentino brand as of the start of next year.
The company said it marks “the beginning of a long-term partnership between these two global players in the luxury business”.
Roberto Vedovotto, founder, president and CEO of Kering Eyewear, said: “We are honoured to welcome Valentino into the Kering Eyewear portfolio, and to have the opportunity to contribute to the brand’s continued success. As a prestigious Maison de Couture, Valentino stands for masterful craftsmanship, exquisite design, and is a symbol of a one-of-a-kind style. We are therefore committed to developing its sunglasses and frames collections in line with its vision by leveraging Kering Eyewear’s expertise in high-end luxury eyewear and Valentino’s iconic codes, unique heritage, and savoir-faire.”
And Valentino CEO Riccardo Bellini added: “We are delighted to announce this strategically important partnership with Kering Eyewear. Marrying Maison Valentino’s matchless creativity and iconic style with Kering Eyewear’s unrivalled knowhow in luxury eyewear manufacturing and distribution, we will work together to further elevate the Valentino Eyewear experience. We also wish to express our sincere gratitude to AKN Group for the collaboration and the successful development of our eyewear business over the past years. It is with great enthusiasm and excitement that we now embark on this new chapter.”
They also said the deal represents an important step for Valentino’s brand positioning in the eyewear category “leveraging on the unique approach to luxury and innovative business model of Kering Eyewear”.
The collab sees Kering Eyewear further “consolidating its leadership in the high-end eyewear segment, elevating its offer through the addition of an iconic brand celebrated for its unparalleled creative excellence and emotional beauty”.
The first collection under the agreement will be for SS26 and will be presented during the Valentino Show in Paris on October 5. It will be in-store next March.
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Fashion
Europe’s textile waste management system under critical strain: BCG

Several major players are halting operations or going bankrupt, triggering a breakdown in the system, the report, titled ‘Textile Waste at a Tipping Point: Unlocking Europe’s Circular Potential’, said.
In France, social enterprise Le Relais stopped all textile collection in mid-2025 and began unloading unsorted waste outside major retailers to protest underfunding. Without emergency support, it warned it would not survive beyond year-end.
Europe’s collection of textile waste and sorting infrastructure is under critical strain, according to a Boston Consulting Group report.
Several major players are halting operations or going bankrupt, triggering a breakdown in the system, it noted.
The main reason is a funding gap: eco-organisations and public authorities are not paying enough per tonne collected to cover operational costs.
Smaller collectors are also closing quietly. In Germany, two major collectors, SOEX and Texaid, have filed for insolvency respectively in October 2024 and June 2025 due to collapsing export markets and rising sorting costs.
In the United Kingdom, closures and layoffs have hit textile recyclers, which include Textile Recycling International, which entered administration in early 2024. The Textile Recycling Association has warned of a ‘sector-wide collapse’ as processing capacity disappears and resale prices plummet.
At the heart of this collapse is a funding gap: eco-organisations and public authorities are not paying enough per tonne collected to cover operational costs. Meanwhile, saturated second-hand markets, fast-fashion waste and stricter export conditions are all compounding the pressure.
Without urgent intervention, Europe’s textile circularity ambitions risk unravelling, the report cautions.
In Europe, only around 1 per cent of textile waste is recycled into new textiles. The rest is either reused through second-hand markets, downcycled into lower-value applications like rags or insulation, processed into solid recovered fuel (SRF) or sent to landfill or incineration.
Landfilling is expected to decline sharply by 2035—from 26 per cent of total textile waste in 2024 to 17 per cent in 2035—driven by regulatory and environmental pressure. The EU Landfill Directive mandates that municipal waste landfilling fall below 10 per cent by 2035, prompting many countries to implement landfill taxes and bans on specific products.
Reuse is the most sustainable option and has been enabled by charity networks, resale platforms, and exports. Yet the ecosystem is under pressure and the second-hand textile market in Europe is stalling slightly, driven by the rise of ultra-fast fashion and the saturation of traditional export channels, the report notes.
As resale prices fall and collection costs rise, operators are left with declining margins and increasing volumes of low-quality, unsellable garments. Incineration is still carbon-intensive and risks undermining climate objectives unless paired with mitigation measures, it adds.
Fibre2Fashion News Desk (DS)
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