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Stock impact report

EXCLUSIVE: Bestseller, Gap, H&M and Mango Join Forces on Renewable Energy Finance Initiative [Yahoo! Finance]

Gap, Inc. (The) (GPS) 
Last gap, inc. (the) earnings: 3/12 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Initiative, a collective financing model to help garment manufacturing, spinning and knitting facilities in Bangladesh transition to renewable energy. The four fast fashion brands will back loans and directly fund factory upgrades under a de-risking model, with the support of Singapore-based DBS Bank and Bain Capital's risk consultancy Guidehouse. More from WWD Piglet in Bed Teams With Morris & Co. for Nature-inspired Collection Coach's Subbrand Coachtopia Creates Charitable Fund to Support Environmental Causes Old Navy Steadies With CEO Horacio Barbeito at the Helm “This initiative is really what we see as being the next big thing that our industry needs. It needs collaboration across companies, brands and businesses,” Bestseller chief executive officer Anders Holch Povlsen told WWD. “We all know that the big challenges lie deep within our supply chain. That's where we have the [biggest] footprint today, and this is where we need to work.” The Fashion Industry Charter f Show less Read more
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