Despite criticism around workers' rights, Primark boss defends the budget fashion chain's model that led to its first-ever billion-pound profit [Fortune]
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Source: Fortune
But its chief executive Paul Marchant does not agree. “I don't buy the story that we can't be ethical buying from Asia,” he told AFP in an interview in Dublin. In the world of low-cost fashion, Primark — a fixture on the high street in the UK, Ireland and beyond — is a one-off. The brand produces its garments in Asia and sells them cheaply in Europe, but ships them by boat rather than by plane, does not sell online, prepares its collections more than a year in advance and does not build up stock. It has been a lucrative formula, with Marchant boasting recently that the retailer had hit the billion-pound ($1.3 billion) profit figure for the first time. Primark, though, still has to bat back critics including environmental campaigners who argue that the brand's “throwaway” fashion is a drain on resources. Human rights groups meanwhile accuse it of relying on suppliers in countries where workers are afforded little protection. Primark maintains that it trains Indian farmers
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