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.
Richemont-owned Chloé became the European luxury industry’s first major player to achieve certification as a “B-Corp” — a designation for companies that show a demonstrable commitment to having a positive environmental and social impact beyond creating value for shareholders.
Since announcing its plan to become a B-Corp last year, the Paris-based handbag maker has accelerated its adoption of materials with a lower environmental impact, partnered with more Fair Trade certified suppliers, and made commitments to promoting women’s equality, the brand said in a statement.
With the move, Chloé — which is trying to reinvigorate its business under former Maison Margiela CEO Riccardo Bellini and designer Gabriela Hearst — is aligning itself with companies who have made sustainability commitments a central part of their message to consumers including outdoor sports brand Patagonia and direct-to-consumer shoemaker Allbirds.
Learn more:
Inside Gabriela Hearst’s New Chloé
The eco-minded entrepreneur and freshly installed Chloé designer talks to Tim Blanks about her creative vision for the French house.
How did Miu Miu grow by 58 percent last year? CEO Benedetta Petruzzo breaks down the plan that’s powered eye-popping acceleration in a slowing luxury market.
Luxury brands aren’t cutting back exactly, but the days of spending ever more of the budget on custom dresses and celebrity ambassador contracts may be coming to an end.
The Milan-based group’s continued acceleration in a slowing luxury market could ease pressure on its new generation of leaders as Miuccia Prada and Patrizio Bertelli plan their succession.
Now up for the LVMH Prize, designers Everard Best and Téla D’Amore are looking to fuel the next phase of growth for their hyped brand — known for its die-hard community and ultra-detailed denim.