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PRADA Strictly Reviews Supply Chain, Terminates Partnership with 200+ Non-compliant Suppliers
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Italian luxury group PRADA (01913.HK) has terminated cooperation with over 200 suppliers in the past 5 years to ensure supply chain compliance. This move is part of the brand's 'zero tolerance' audit policy amid industry supply chain accusations regarding labor rights. Since 2020, Prada has conducted over 850 on-site inspections of its Italian suppliers and subcontractors, including overnight monitoring outside factories, according to the Financial Times. AASTOCKS Financial News Website: www.aastocks.com |
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