CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
climate-change
Global Markets
Worldview: Temu Files New Lawsuit Against Rival Shein
This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Worldview: Temu Files New Lawsuit Against Rival Shein
This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Sustainability
Money, Power and Conflicts of Interest: Climate Politics Are Coming for Fashion
The UN’s annual COP climate summit ended Wednesday with an agreement to transition away from fossil fuels. The fraught, days-long negotiations to get there point to the challenges facing fashion companies seeking to deliver on these ambitions.
Money, Power and Conflicts of Interest: Climate Politics Are Coming for Fashion
The UN’s annual COP climate summit ended Wednesday with an agreement to transition away from fossil fuels. The fraught, days-long negotiations to get there point to the challenges facing fashion companies seeking to deliver on these ambitions.
Global Markets
The Year Ahead: Fashion Executives Brace For Unsettling Times
According to The State of Fashion 2024, a potentially volatile global economy and geopolitical tensions in the coming months could further dent consumer confidence in key markets, requiring fashion brands, retailers and suppliers to bolster contingency planning and double down on operating efficiencies, among other measures.
The Year Ahead: Fashion Executives Brace For Unsettling Times
According to The State of Fashion 2024, a potentially volatile global economy and geopolitical tensions in the coming months could further dent consumer confidence in key markets, requiring fashion brands, retailers and suppliers to bolster contingency planning and double down on operating efficiencies, among other measures.
News & Analysis
BoF VOICES 2023: Craft, Culture and Colonial Legacies
Bottega Veneta designer Matthieu Blazy, Gap Inc CEO Richard Dickson, Brunello Cuccinelli and others discussed craft, culture, brand building and more, while a panel of sustainability stakeholders examined the colonial dynamics embedded in fashion’s climate crisis.
BoF VOICES 2023: Craft, Culture and Colonial Legacies
Bottega Veneta designer Matthieu Blazy, Gap Inc CEO Richard Dickson, Brunello Cuccinelli and others discussed craft, culture, brand building and more, while a panel of sustainability stakeholders examined the colonial dynamics embedded in fashion’s climate crisis.
News & Analysis
The State of Fashion 2024: Riding Out the Storm
The eighth annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals an industry navigating deep uncertainty. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
The State of Fashion 2024: Riding Out the Storm
The eighth annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals an industry navigating deep uncertainty. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
Luxury
Moncler Sales Seen Rising Despite Luxury Concerns
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
Moncler Sales Seen Rising Despite Luxury Concerns
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
Retail
Warm Weather Knocks Over £500 Million Off M&S and Next
There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather.
Warm Weather Knocks Over £500 Million Off M&S and Next
There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather.
Sustainability
Fashion’s Push to Switch Coal for Biomass a ‘Greenwashing Tactic,’ Advocacy Groups Say
Support for the fuel from companies like H&M, Adidas and Inditex risks delaying a transition to cleaner energy sources and increasing deforestation, the organisations said.
Fashion’s Push to Switch Coal for Biomass a ‘Greenwashing Tactic,’ Advocacy Groups Say
Support for the fuel from companies like H&M, Adidas and Inditex risks delaying a transition to cleaner energy sources and increasing deforestation, the organisations said.
Sustainability
California’s Push for More Climate Disclosure Gets Fashion’s Backing
Trade groups including the American Apparel & Footwear Association and Council of Fashion Designers of America are supporting a state bill that would require big companies to report on their greenhouse-gas emissions.
California’s Push for More Climate Disclosure Gets Fashion’s Backing
Trade groups including the American Apparel & Footwear Association and Council of Fashion Designers of America are supporting a state bill that would require big companies to report on their greenhouse-gas emissions.
Sustainability
Walmart Partners With Fashion Tech Start-Up to Pilot Carbon-Captured Textiles
The retail giant is partnering with Rubi Laboratories to experiment with turning carbon emissions into textiles.
Walmart Partners With Fashion Tech Start-Up to Pilot Carbon-Captured Textiles
The retail giant is partnering with Rubi Laboratories to experiment with turning carbon emissions into textiles.
Sustainability
LVMH’s Antoine Arnault Calls for Luxury-Focused Sustainability Pact
The French luxury group’s head of image and environment addressed criticism over its decision not to join existing industry sustainability initiatives, in which fast fashion players play a large role, and pushed for greater collaboration amongst luxury companies.
LVMH’s Antoine Arnault Calls for Luxury-Focused Sustainability Pact
The French luxury group’s head of image and environment addressed criticism over its decision not to join existing industry sustainability initiatives, in which fast fashion players play a large role, and pushed for greater collaboration amongst luxury companies.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
The News in Brief
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.