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 RealReal, Rent the Runway, ThredUp and Fashionphile are among the 11 founding members of The American Circular Textiles (ACT) policy group announced Wednesday, which aims to develop and shape policies to support textile recycling and recovery in the US.
The formation of ACT, also spearheaded by the Circular Services Group (CSG) and Resource Recycling Systems (RRS), comes as the fashion industry is attracting growing regulatory scrutiny, a shift that also opens the conversation for polices that could support efforts to establish a more sustainable and responsible system.
The policy group said it will produce a position paper for lawmakers about scaling the circular economy this year. It also plans to bring other relevant companies, organisations and agencies into the fold and will open up to other key circular fashion players, such as textile recyclers, in 2023.
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New York Fashion Act to Test Brands’ Appetite for Sustainability Regulation
Stella McCartney is among the backers of a new bill introduced in New York that could step up disclosure and due diligence requirements for brands operating in the key market.
The French luxury giant is betting on higher prices and a suite of emerging supply-chain initiatives to help keep growing its business while cutting total greenhouse gas emissions.
While most brands have banned fur, animal welfare is rarely discussed when it comes to more mainstream and lucrative fabrics like leather.
After swinging to an operating loss of $41 million in 2021, the buzzy fashion startup has stabilised and remains focused on its ambition to build a materials science business.
Clothes have become more like memes than physical goods, moments to take part in online, with catastrophic consequences for the environment, writes Alec Leach.