The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Trade in Fake Goods Now Worth $461 Billion" (Reuters)
"Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state coffers, said the OECD."
"Prada, Chanel, and More Big-Name Fashion Brands Called Out for Secret Supply Chains" (Vice)
"Some of the world's most popular clothing brands, including Forever 21 and Michael Kors, have been slammed by a new report for not being upfront with customers about their supply chains."
"California Minimum Wage Hike Hits L.A. Apparel Industry: 'The Exodus Has Begun'" (Los Angeles Times)
"Los Angeles firms are facing another big hurdle — California's minimum wage hitting $15 an hour by 2022 — which could spur more garment makers to exit the state."
"Is H&M Misleading Customers with All Its Talk of Sustainability?" (Quartz)
"H&M undeniably spends time and money on these programs, and has made very real strides to reduce its impact—which is much more than many other companies have done. So is it fair to take the brand to task?"
"Here's How Adidas Plans to Drastically Cut Down on Waste" (Fortune)
"The world's second largest athletic-gear maker has stopped stocking plastic water bottles for meetings, swapped plastic straws for paper ones, and at a recent global marketing meeting, reused banners to create bags that were needed for the event."
The State of Fashion 2024 explores how the frequency and intensity of extreme weather-related events are leaving the industry’s value chain increasingly vulnerable.
Bestseller and H&M Group have pledged $100 million to help develop a renewable-energy project in Bangladesh, a possible template for more meaningful investment in decarbonising the industry.
Big brands like H&M Group, Inditex and Nike are turning to biomass like wood pellets and agricultural waste in a bid to get the world’s dirtiest fossil fuel out of energy-intensive manufacturing processes. Climate groups say it’s not any better.
With global temperatures reaching new highs and time running out for brands to deliver on their environmental commitments, here’s what fashion leaders need to know ahead of the start of the UN’s annual climate summit in Dubai Thursday.