The U.S. government has accused Hyundai, LG, and Samsung of using child labor in their supply chains. The companies have denied the allegations and have pledged to investigate the claims. This news has sparked outrage among consumers and calls for stricter regulations on companies to prevent child labor practices.
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Forever 21 Operator Files for Bankruptcy
Forever 21's operator in the US filed for Chapter 11 bankruptcy, listing assets of $100 million to $500 million and liabilities of $1 billion to $5 billion. The company, known for popularizing fast fashion, struggled to compete with online retailers, leading to its second bankruptcy filing in 2023. After being bought out of bankruptcy in 2019, Forever 21's operator Sparc Group signed an agreement with Shein, a Chinese e-commerce retailer, allowing Shein to buy a...
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