Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
Too many brands have set ambitious emissions goals while their trade associations quietly work to block the regulations needed to achieve them, argues Maxine Bédat.
Efforts to map the footwear industry’s carbon footprint have lagged behind those in fashion. A new study aims to start addressing that.
In a climate where consumers are wary of greenwashing and a backlash against “woke capitalism” takes shape, brands peddling sustainability messaging have to treat the topic with a degree of irreverence and put the product first.
Donation centres around Los Angeles have been overwhelmed by mountains of old clothes, a stark reminder of the excesses of production and consumption that have helped drive the climate crisis and the weather extremes that come with it.
Donation centres around Los Angeles have been overwhelmed by mountains of old clothes, a stark reminder of the excesses of production and consumption that have helped drive the climate crisis and the weather extremes that come with it.
ADVERTISEMENT
Many brands have treated the climate crisis as a useful marketing tool, while viewing the impact to the bottom line as a distant threat. That approach is increasingly untenable, experts warn.
At VOICES 2024, BoF sustainability correspondent Sarah Kent sits down with a panel of experts to discuss how fashion can operate under increasingly unsustainable climate conditions.
This year offered up a jarring reality check for players seeking to improve the industry’s environmental and social impact, with brands deprioritising sustainability efforts even as the risks of inaction have become more apparent.
A fragmented fashion industry needs to cooperate in order to avoid falling further behind on decarbonisation efforts, according to the BoF-McKinsey State of Fashion 2025.
ADVERTISEMENT
Big brands are focused on buzzy, marketable ‘solutions’ and face little accountability for failing to deliver on decarbonisation targets, but there are ways to unlock more effective action, writes Kenneth P. Pucker.
This year, average global temperatures surpassed 1.5 °C above pre-industrial levels for the first time. With action increasingly uncertain after a fractious UN climate summit, fashion is facing risks from overheated factories to consumer volatility.
This year, average global temperatures surpassed 1.5 °C above pre-industrial levels for the first time. With action increasingly uncertain after a fractious UN climate summit, fashion is facing risks from overheated factories to consumer volatility.
The UN’s annual COP climate change conference kicking off in Baku, Azerbaijan next week comes at a precarious moment for the industry’s environmental efforts.
Efforts to protect and restore nature are becoming a more important part of the fashion industry’s climate conversation.
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
The prestige skincare and wellness line founded by the British supermodel entered liquidation proceedings after failing to file its company accounts.
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally.
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
The deal bolsters Bold’s talent management capabilities in France.