The fashion and apparel landscape has never been more challenging or risky, and COVID-19 has only added to the financial and legal pressures and complexities. (Photo: Shutterstock)
As lawsuits and investigations targeting fashion and apparel companies have intensified, such companies must develop robust compliance programs to mitigate risk. Further, COVID-19 has complicated matters significantly by creating disruptions in supply chain management, as well as creating a fertile ground for lawsuits over alleged marketing schemes and workplace violations.
Recent high-profile bankruptcy filings by such stalwart companies as J. Crew and J.C. Penney only underscore the increasing financial pressure that fashion and apparel companies face in the current environment.
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