Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
circularity
Sustainability
The Denim Brand Making a Business of Upcycling
E.L.V. Denim founder and creative director Anna Foster has built a profitable start-up turning unwanted cast offs into handcrafted denim sold at Neiman Marcus and Moda Operandi.
Sustainability
Target, New Balance Among New Collective of Brands Pushing Circular Footwear
The eight founding members of the nonprofit initiative say it is the first of its kind explicitly focused on the challenge for shoes.
Sustainability
Inditex Places Order for Recycled Fibres Amid Industry Effort to Quell Market Jitters
The Zara-owner will buy 2,000 tonnes of fibre made using raw materials from Renewcell, sending a signal of support after a weak sales update sent the Swedish recycler’s share price plunging this month.
Sustainability
Inditex’s Zara to Launch Its Secondhand Platform in France
The service, which will be available through Zara’s stores, its website and a mobile app, already exists for its British customers since last October.
Sustainability
Can Julie Pelipas Make Upcycling Work at Scale?
The former Vogue Ukraine fashion director and LVMH Prize finalist’s upcycled tailoring label Bettter aims to become a platform that helps big brands give deadstock garments new life.
Partner Content
How Can Fashion Rethink the End-of-Life of Products?
Lenzing’s VP of global textiles business, Florian Heubrandner, and Future Fabrics Expo founder, Nina Marenzi, share insights into the moral and financial imperatives of addressing fashion’s waste problem.
Partner Content
How Can the Fashion Industry Accelerate Systems Change?
Partnering with Copenhagen Fashion Week, BoF invited market leaders including Pascal Morand, Julie Gilhart, Ganni co-founder Nicolaj Reffstrup, EU Parliamentary Committee chair Dr Christian Ehler, journalist Clare Press, executives from Renewcell and Lenzing, and others from across the value chain, to work together towards actionable solutions capable of urgently altering the industry’s ecological impact.
Partner Content
A Free, Open Access Traceability Tool for Fashion’s Global Supply Chain
FibreTrace seeks to accelerate the fashion and textile industries’ sustainability efforts by democratising access to its digital transparency and traceability tool, FibreTrace Mapped, for brands, manufacturers and farmers alike. BoF learns more.
The News in Brief
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.