Hema news and archive

Ramphastos Investments fails to make agreement with Hema bondholders

Ramphastos Investments has announced that it has failed to reach an agreement with Hema’s bondholders after offering 523 million euros in an attempt to reduce the company’s debts. The owner of Ramphastos Investments Marcel Boekhoorn acquired Hema at the end of 2018 and has since invested 115 million euros in the Dutch department store chain. He...

Fashion Featured

Leading fashion firms call on Cambodian government to improve labour standards

Leading fashion companies including Nike, PVH, Levi Strauss, Esprit, Adidas and Under Armour have signed an open letter to the Cambodian government urging it to improve its labour standards. The companies, who claim to contribute 9.5 billion US dollars (7.26 billion pounds) to Cambodia’s exports through their work with the country’s suppliers,...