PAI Partners to Acquire Elemis from L’Occitane
The French private equity group announced on Wednesday that it will buy the UK skin and body care brand for an undisclosed sum.

The athleisure brand has taken a minority stake in Samsara Eco, an Australian company that uses enzymes to recycle plastics like polyester and nylon into new materials.

Fast-growing womenswear maker Reformation will be the next big test of whether a brand pitching sustainability can win over a wider audience and deliver on environmental promises.

The American accessories giant says the line will serve as lab to develop new design and production models, starting with a capsule that features patchworked products made from manufacturing scraps. How the project will scale remains unclear.

Rothy’s is running a marketing blitz in support of a New York state recycling bill, a sign of fashion’s shifting relationship with politics and advocacy.
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The footwear company says it has cracked its holy-grail goal to develop a net-zero carbon shoe. All investors want is a path to profitability.

Nearly 1.7 million tonnes of used fabric were exported to other countries — primarily in Asia and Africa — in 2019, but whether they are destined for recycling, re-use or landfill is “highly uncertain,” according to a report published Monday by the European Environment Agency.

Calling out the industry’s environmental footprint and the true cost of making clothes has touched off a complex and heated debate about the accessibility and affordability of lower-impact fashion.

Every year, millions of tons of old clothes are shipped around the world as part of the global secondhand clothing trade. Nonprofit The Or Foundation and Vestiaire Collective are lobbying for regulation that benefits the countries where they end up.
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Regulators are taking aim at the industry’s glacial progress on climate and labour rights, creating new incentives and risks for sustainability efforts in the coming year.

From innovative materials to regulatory crackdowns, 2022 was a year that pushed the fashion industry to rethink how it operates.

Roughly 5 percent of listings will be hit by the move, the resale site said, as it seeks to position itself as an eco-conscious player at the upper end of an increasingly competitive market.

The COP27 climate talks in Egypt, which came close to collapse in the closing stretches, ended with an early-hours deal to create a fund to pay poorer countries for the harm caused by climate change.
The French private equity group announced on Wednesday that it will buy the UK skin and body care brand for an undisclosed sum.
At its capital markets event in Shanghai, leadership said it aims to deliver mid-single-digit organic net sales growth through fiscal 2030, and unveiled a new cost-cutting and strategic roadmap.
The Indian beauty retailer said on Wednesday its second-quarter profit nearly tripled, as improved operating efficiency and strong demand for premium beauty products boosted margins.
The US retailer is planning to spin off its pharmacy business in what would be one of the biggest-ever breakups in the healthcare industry, according to reports.
The jeweller edged up its near-term revenue and profitability targets as efforts to keep the brand affordable pay off.
The Ozempic maker raised its full-year outlook for the third time this year on Wednesday as its Wegovy pill beat third-quarter sales forecasts, boosting the Danish firm's bid to win back ground from US rival Eli Lilly.
The fragrance firm reported third-quarter core profit a touch above market expectations on Wednesday, and raised its full-year growth outlook but failed to impress investors.
Sales and profit from clothing and homeware remain below two years ago but ‘brand is in good health.’