Shein and Temu face growing backlash in Latin America

Share via:


One morning in October, Luciano Galfione walked through his family’s textile factory in Buenos Aires, a cavernous warehouse where some of the more than 100 employees spin, knit, and dye synthetic fabrics for sportswear. Once a symbol of Argentina’s thriving industrial base, the factory now operates at a fraction of its capacity.

“We grew for decades and invested in world-class machinery,” Galfione told Rest of World. “Today those plants are museums, with six of every 10 machines…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Shein and Temu face growing backlash in Latin America


One morning in October, Luciano Galfione walked through his family’s textile factory in Buenos Aires, a cavernous warehouse where some of the more than 100 employees spin, knit, and dye synthetic fabrics for sportswear. Once a symbol of Argentina’s thriving industrial base, the factory now operates at a fraction of its capacity.

“We grew for decades and invested in world-class machinery,” Galfione told Rest of World. “Today those plants are museums, with six of every 10 machines…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

TikTok owner ByteDance on track for $50 billion profit...

ByteDance Ltd. is on track for profits of...

macOS 26.2 adds one of the smartest video calling...

While it was somewhat overshadowed by the release...

[Exclusive] MilkStation Nets $2.5 Mn To Expand Value Added...

SUMMARY MilkStation will use the funds for capex expansion,...

Popular