Worldly is in expansion mode.
With the acquisition Worldly aims to foster the scaling of supply chain transparency while complementing its existing social and labor assessment tools, the companies said. Already, the impact intelligence platform combines methodologies from Zero Discharge Hazardous Chemicals, Bluesign and the Higg Index, among others.
“By hosting these tools in one place, both organizations hope to increase efficiency for global brands, retailers, and manufacturers,” John Armstrong, Worldly’s chiefofficer, told WWD. “We’re committed to providing all users a smooth and continuous experience. Right away, there will not be any user experience changes.
The FFC team will be staying on and joining the Worldly team. Peter Burrows, FFC’s executive director, said Worldly was at the “top of his list” when scouting potential buyers. The deal amount was undisclosed. “Worldly has deep roots in the social and labor space within fashion and footwear, and it is acutely aware of how to develop best-in-class assessment, collect the primary data and generate the insights from it that our users need to run their social and labor programs. We’re very excited that FFC is now part of Worldly and look forward to continuing to evolve our services and growing the value we deliver to our users,” Burrows said in a statement.
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