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.
The Fashion Industry Is One of the Biggest Supporters of Modern Slavery Across the Globe (Fashionista)
"The fashion supply chain funnels more money toward modern slavery than any other industry besides tech. $127.7 billion worth of garments at risk of including modern slavery in their supply chain are imported annually by G20 countries, a group of nations which account for 80 percent of world trade."
Fast Fashion: Inside the Fight to End the Silence on Waste (BBC)
"Research collated by the Ellen MacArthur Foundation suggests that global clothing production has doubled in the past 15 years, with garments on average being worn much less and discarded quicker than ever before. With global production now exceeding 100 billion garments a year, groups are warning of 'potentially catastrophic' environmental damage if current growth trends continue."
Inside Levi's Ambitious Plan to Cut Its Carbon Footprint (Fast Company)
"By 2025, the company plans to use 100 percent renewable energy in all of its own facilities, cut emissions in those buildings by 90 percent compared to Levi's footprint in 2016 and also plans to cut the emissions in its supply chain by 40 percent."
Ralph Lauren Drops Mohair Products After Animal Cruelty Investigation (Fortune)
"Facing pressure from the animal rights group PETA, Ralph Lauren has agreed to stop using mohair in its products. Ralph Lauren is the latest designer to drop mohair, joining more than 270 brands and retailers who have also agreed to stop using mohair."
Second-Hand Retailer ThredUp Pens Letter to Burberry over Burned Clothes (Fortune)
"The world's largest online second-hand retailer, thredUp, has penned an open letter to Burberry, noting the environmental effects of the brand's waste and proposing a solution. ThredUp invited Burberry to send them unsold product for resale, promising to donate 1the proceeds to the environmental charity of their choice."
The Swedish fast fashion giant posted a surprise profit in the first quarter, in part due to its increased stake in resale platform Sellpy. It offers a glimpse at how the company hopes to decouple its growth from impact.
The startup is known for a material that combines recycled leather with polyester fibres.
Fashion brands will need to back up ‘green’ claims or risk fines of at least 4 percent of annual revenue in the offending market. But the regulations still leave a lot open to interpretation.
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.