Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
materials
Topics
Selfridges Wants to Make Nearly Half its Sales Circular by 2030
The luxury department store chain is doubling down on rental, resale and reuse as it looks to deliver on climate commitments.
Sustainability
Eco-Fashion’s Next Big Idea: Turn Pollution Into Products
Sound like science fiction? Companies like On, Pangaia, Zara and Lululemon are already experimenting with materials and dyes produced with captured carbon emissions and the new US climate bill could speed up adoption.
Sustainability
Telfar Bags, Vegan Leather and an Unexpected Lesson
The response to a viral tweet about the durability of Telfar’s Shopping bags contains an important takeaway for brands navigating the complex sustainable fashion space.
Sustainability
A Radical Solution to Denim’s Climate Cost: Go Direct to the Farm
How denim group Citizens of Humanity is partnering with cotton farmers in a long-term bid to secure all its cotton from regenerative agriculture.
Topics
Stella McCartney and VC Firm Collaborative Fund Launch $200 Million Climate Solutions-Focused Fund
The fund, Collab SOS, will invest in companies working to develop more sustainable materials, ingredients, energy and supply chains the Series A and B level.
Sustainability
Inditex Enters ‘Clean Tech’ With Investment in Circular Start-Up Circ
The fast-fashion giant joined a $30 million funding round, making its first venture investment in a clean technology company as interest in textile recycling grows.
Sustainability
The Start-Ups Aiming to Detox Dyeing
Turning dresses red and jeans blue is a dirty, resource-intensive process. A number of new technologies offer promising solutions for a lower-impact way forward.
Sustainability
Sustainable Fashion’s Credibility Crisis
This week, the Sustainable Apparel Coalition suspended the use of its product labels, employed by companies like H&M and Amazon, as concerns over greenwashing engulfed one of the industry’s top sustainability tools.
Sustainability
Fashion’s Sustainable Materials Strategy Needs a Glow-Up
Big brands are buying more recycled polyester, better cotton and responsible leather than ever. But progress is precarious and more radical action is needed to really transform the industry’s supply chains, a new report from Textile Exchange finds.
Sustainability
Where Does Your T-Shirt Really Come From?
A stringent US ban on imports from China’s Xinjiang region that came into effect this week ratchets up the pressure on companies to prove their supply chains are free of forced labour.
Sustainability
Why LVMH Is Betting on Lab-Grown Diamonds
For years, luxury’s biggest jewellers have dismissed synthetic diamonds as inauthentic. But an investment by LVMH’s venture fund in lab-grown diamond company Lusix suggests this calculus may be changing alongside consumer interest in ethical and sustainable products.
Sustainability
How Do the Biggest Companies in Sportswear Score on Sustainability?
Puma tops The BoF Sustainability Index 2022, but Skechers, Fila Holdings and Anta Sports all rank in the assessment’s bottom five.
The News in Brief
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
Carlos Nazario Appointed Editor in Chief of Wonderland
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
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.