Retail Giant Commits to Ending Use of Animal Fur in Clothing Line
- Frasers Group commits to going fur-free
- Collaboration with Humane Society International/UK
- Over 1,500 stores globally affected by the decision
Frasers Group, the owner of House of Fraser, Flannels, and Sports Direct, has announced its decision to stop purchasing fur products for its stores. This commitment will take effect on shop shelves from the Autumn/Winter 2023 season. The company’s CEO, Michael Murray, made the announcement at the AGM on October 19th after discussions with animal protection organization Humane Society International/UK (HSI/UK). Frasers Group has over 1,500 stores globally, including Flannels, House of Fraser, Sports Direct, Cruise, and 18 Montrose. The company will work with HSI/UK to phase out existing fur inventory as soon as possible. HSI/UK’s Executive Director, Claire Bass, praised the decision, stating it aligns with public opinion on animal welfare in fashion. Frasers Group plans to issue letters to all suppliers requesting no fur products be supplied.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Frasers Group’s decision to stop purchasing fur products and their collaboration with Humane Society International/UK. It includes relevant details about the company’s commitment and impact on the industry.
Noise Level: 3
Noise Justification: The article provides relevant information about Frasers Group’s decision to stop purchasing fur products and their collaboration with Humane Society International/UK. It also includes quotes from key figures involved in the decision-making process. However, it lacks a deeper analysis of the long-term trends or consequences of this decision on the fashion industry or society as a whole.
Financial Relevance: Yes
Financial Markets Impacted: Frasers Group (owner of House of Fraser, Flannels and Sports Direct)
Financial Rating Justification: The article discusses a decision made by Frasers Group to stop purchasing fur products, which may impact the company’s supply chain and potentially affect its revenue from suppliers. This financial decision could have an impact on their business operations and costs.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.
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