Can Collaborative Financing Help Fashion Decarbonize? [Yahoo! Finance]
Gap, Inc. (The) (GPS)
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Source: Yahoo! Finance
Fashion Pact's Future Supplier Initiative (FSI) says it has the answer: low-interest loans, supplied by Singapore's DBS Bank and “de-risked” by Bestseller, Gap Inc., H&M Group and Mango, that can fund “deep decarbonization” efforts. But because things are still being buttoned up, much remains TBD, perhaps frustratingly so. How much money will this collective financing model divvy out in total? How many apparel suppliers will benefit in the end? How will brands help DBS de-risk its investments beyond offering technical assistance? And what assurances are they giving suppliers, which are still the ones ultimately bearing the costs, that it will be worth it despite the industry's short-term myopia? More from Sourcing Journal Bestseller, Gap, H&M and Mango Join Forces on Renewable Energy Finance Initiative Rome Flagship Is 1 of 500 New Doors Mango Plans to Open by 2026 Shuffle Board: Kering Names Brand Officer, Mango Bolsters Home Line Most of all, will we continue to see the s
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GPS
Earnings
- 5/30/24 - Beat
GPS
Sec Filings
- 6/25/24 - Form 4
- 6/12/24 - Form 4
- 6/7/24 - Form SC
- GPS's page on the SEC website