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 luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent compared to 2022, according to analysis by Dubai-based luxury retail giant Chalhoub Group.
However, the sector remains nascent and its pace of growth is slower than in other markets, like the US, where there’s less cultural stigma attached to shopping secondhand, sustainability may rank more highly among consumer concerns and average spending power is less, the analysis found.
The report, published Wednesday, comes as Dubai is playing host to the UN’s annual COP climate summit.
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Europe’s Parliament has signed off rules that will make brands more accountable for what happens in their supply chains, ban products made with forced labour and set new environmental standards for the design and disposal of products.
Fashion’s biggest sustainable cotton certifier said it found no evidence of non-compliance at farms covered by its standard, but acknowledged weaknesses in its monitoring approach.
As they move to protect their intellectual property, big brands are coming into conflict with a growing class of up-and-coming designers working with refashioned designer gear.
The industry needs to ditch its reliance on fossil-fuel-based materials like polyester in order to meet climate targets, according to a new report from Textile Exchange.