As the EU seeks to crack down on a growing glut of clothing waste, the rise of low-value ultra-fast-fashion, along with increased competition and geopolitical disruption, are putting pressure on the economics of collecting, sorting and recycling used textiles.
As the EU seeks to crack down on a growing glut of clothing waste, the rise of low-value ultra-fast-fashion, along with increased competition and geopolitical disruption, are putting pressure on the economics of collecting, sorting and recycling used textiles.
The British handbag maker will lay off around 85 people globally as it aims to chart a path back to profitability after fending off a takeover bid from billionaire Mike Ashley’s Frasers Group.
After a pandemic contraction — and with a new CEO on board — the godmother of mindful consumption is gearing up to grow (mindfully).
The sector is rife with snappy buzzwords like ‘clean’ and ‘natural,’ but beneath the surface there’s little transparency around the actions companies are taking to back up these claims, according to a new report.
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Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.
Cheap and versatile polyester has underpinned both the fashion industry’s growth and its worsening environmental footprint. Efforts to switch to recycled fibre are stalled, new data show.
This week, New York hosted the “unofficial climate summit of the year.” But the effort to move the needle on climate action feels as gridlocked as the traffic in midtown Manhattan.
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.
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The Prefecture of Milan is aiming to beef up the fashion sector’s monitoring systems after an investigation by Milanese prosecutors found labour exploitation in the supply chains of luxury brands including Armani and Dior. The scheme currently in draft would be voluntary and limited to the Lombardy region.
The Prefecture of Milan is aiming to beef up the fashion sector’s monitoring systems after an investigation by Milanese prosecutors found labour exploitation in the supply chains of luxury brands including Armani and Dior. The scheme currently in draft would be voluntary and limited to the Lombardy region.
A bill that would make brands responsible for making sure old clothes don’t wind up in landfill only needs the signature of Governor Gavin Newsom to become law, potentially paving the way for other states to take action on textile recycling.
A bill that would make brands responsible for making sure old clothes don’t wind up in landfill only needs the signature of Governor Gavin Newsom to become law, potentially paving the way for other states to take action on textile recycling.
The ultra-fast-fashion giant’s planet-warming emissions have nearly tripled in the last three years as its growth far outpaced other major fashion companies. In Shein's latest sustainability report, CEO Sky Xu says tackling emissions is “particularly critical."
The ultra-fast-fashion giant’s planet-warming emissions have nearly tripled in the last three years as its growth far outpaced other major fashion companies. In Shein's latest sustainability report, CEO Sky Xu says tackling emissions is “particularly critical."
Scientists say it’s increasingly likely 2024 will be the world’s hottest year on record, with rising temperatures carrying big implications from shopping malls to supply chains.
Geopolitical disruptions and a growing glut of low-value ultra-fast fashion are creating an unsustainable market dynamic, even as regulators are pushing to tackle clothing waste, according to two major lobby groups.
After five years leading the brand, Marie Leblanc is returning to France. Brand chairman Ralph Toledano will serve as interim CEO until a successor is named.
While the company remains profitable, it is also ‘vulnerable to the same economic headwinds’ facing the wider apparel sector, CEO Ryan Gellert said in a LinkedIn post.
The legislation will make brands responsible for establishing and funding a programme to collect and recycle old clothes.
The country’s Competition and Markets Authority has written to ‘well-known’ labels advising them to review their practices after issuing a new compliance guide for the fashion sector.
The company’s on-demand business model gives it “not just a few points advantage, but a significant advantage,” executive chairman Donald Tang said in an interview.
Founder Livia Firth said the company was unable to recover financially after it was “targeted by criminals.”
The luxury giant said it will aim to bring more production in house after an Italian investigation linked Dior to sweatshop conditions.
