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The Story of Money

The dark side of fast fashion

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 22 May 2018

⏱️ 20 minutes

🧾️ Download transcript

Summary

Some big name fast fashion retailers are sourcing their inventory closer to home in order to get the latest pieces into the hands of their shoppers fast. But how is it possible such labour intensive production is taking place in one of the most expensive economies in the world? With the FT's Sarah O'Connor. Read Sarah's feature here

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Transcript

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0:00.0

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0:29.8

Hello and welcome to Behind The Money, I'm Amy Keene.

0:35.0

This week on the show we're looking at the dark side of Fast Fashion.

0:40.0

There are some big name inexpensive retailers sourcing their garments closer to home

0:44.6

in order to get trendy pieces into their shopper's hands fast.

0:48.3

But how is it possible such labor-intensive production is taking place in one of the most expensive economies in the world.

0:55.0

I kind of quickly realized that in fact basically just a kind of a chunk of this sector which isn't really following the law.

1:04.4

There's other manufacturers that will undercut us because they're paying less wages or they're not paying

1:09.8

the taxes correctly. And it turned out actually that it was a sort of open secret.

1:13.9

It's sort of strange to hear people say it in such an open way.

1:16.4

We're not in some third world country far away, you know, we're in Leicester.

...

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