Armani Open to More Than One Investor for Sale of 15% stake, CEO Says
The comments by chief executive Giuseppe Marsocci come as the brand reportedly considers the possibility of LVMH, L’Oreal and EssilorLuxottica sharing the stake.
ethical-fashion
Sustainability
Social Goods | London Fashion Week Goes Fur-Free, Is Diverse Beauty Just a Trend?
This week, London Fashion Week is the first of the main global fashion events to ditch fur, while the beauty industry is only at the beginning of its road to diversity.
Beauty
Social Goods | Abuse Reports in India's Factories, Beauty Supply Chains Violate Human Rights
This week, high-street retailers are accused of ignoring abuses at a large Indian supplier, while a new report suggests the beauty industry uses concerning products in its supply chain.
Sustainability
Social Goods | ASOS Bans More Animal Fibres, Fashion Assistants Resist Verbal Abuse
This week, ASOS bans silk, mohair and cashmere, while fashion assistants stand up for their rights.
Sustainability
Social Goods | The Ethics of Wearing Feathers, Fashion's Woman Problem
This week, animal activists focus on feathers on the runway, while a study addresses why fashion is still run mostly by men.
Sustainability
Social Goods | Beautycounter's Activist Army, The Model Agency Spearheading Diversity
This week, Beautycounter enlists its sales team to fight for better regulation in the beauty industry, while a Jamaican agency is bringing diversity to the runway.
News & Analysis
Social Goods | China's Outsourcing Experiment in Ethiopia, Selling Politics Like a Lifestyle Brand
This week, China is turning Ethiopia into a fast-fashion factory, while Millennial activists and politicians are embracing minimalist design in their merch.
Sustainability
Social Goods | Company Loses Followers Over Same-Sex Ad, NYFW Diversity Still Lagging
This week, a Netherlands-based suit company faces backlash over campaign featuring men embracing, while NYFW still faces issues over its lack of diversity.
News & Analysis
H&M Investigates China Prison Labour Report
A report in the Financial Times alleged that inmates of a Chinese prison made packaging used by H&M, C&A and technology company 3M.
News & Analysis
Vivienne Westwood Stages Fracking Protest
The punk icon was joined by her son Joe Corre outside the central London offices of British petrochemicals firm Ineos, which is seeking to develop shale gas projects in Britain.
Sustainability
Social Goods | Vogue Criticised For Unpaid Internships, Why Olympic Uniforms Are Political
This week, British Vogue is under investigation for its unpaid 'work placement' programme, while North and South Korea's joint Olympics uniforms are scrutinised.
Sustainability
Social Goods | Vice Media Executives on Leave, Fashion's Plus Size Problem
This week, Vice Media's president and chief digital officer are placed on leave after sexual harassment allegations, while plus size representation in magazines still has a long way to go.
Sustainability
Social Goods | Patagonia Sues Trump, Makeup Line for Trans People
This week, Patagonia files claim against Trump for removing protection from federal lands, while Jecca launches as cosmetics for transgender people.
The News in Brief
Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’