Kipling Bags: Bmi Research and Reports Warning

kipling bags: The US clothing company VF Corporation, which is behind brands including Timberland, Kipling bags and The North Face, has suspended Brazilian leather purchases, and Norway's two biggest investors have warned global companies against contributing to environmental damage, according to The Guardian. Fitch Solutions Macro Research, formerly BMI Research, issued two reports warning of increased scrutiny and economic risks after the fires, which numbered 29,000 in the Amazon biome in August, the most since 2010. Asset managers, pension funds and companies have issued warnings, halted deals and stopped purchases of government bonds. Fitch said We believe that international concern over deforestation in the Brazilian Amazon basin will create headwinds to export demand and investment inflows. . VF Corporation said less than 5% of the leather it used to manufacture goods was sourced from Brazil. The disaster has already been done to the environmental image, said Fabio Silveira, a director and partner at Macrosector, a S o Paulo financial consulting outfit. But the symbolism of the decision by such high-profile brands was not lost on market specialists. (news.financializer.com). As reported in the news.