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.
sustainability / Circularity
Sustainability
Fashion’s Recycling Start-Ups Inch Closer to Commercialisation
Over the last month, a flurry of companies with backers from H&M to Inditex have advanced plans to build their first industrial-scale textile-to-textile recycling plants, advancing a technology that is often held up as a holy-grail-like solution to many of fashion’s environmental ills.
Fashion’s Recycling Start-Ups Inch Closer to Commercialisation
Over the last month, a flurry of companies with backers from H&M to Inditex have advanced plans to build their first industrial-scale textile-to-textile recycling plants, advancing a technology that is often held up as a holy-grail-like solution to many of fashion’s environmental ills.
Fashion’s Big Bet on Textile Recycling, Explained
The nascent textile recycling industry has been positioned as a holy grail solution to fashion’s environmental challenges. The reality is more complicated.
Textile-to-Textile Recycler Circ Raises $25 Million
The company has gained new backing from Taranis, an investment firm owned by oil company Perenco, and additional funds from investors including Zara-owner Inditex as it looks to bring its recycling capabilities to commercial scale.
The Best of BoF 2024: Fashion’s Sustainability Pullback
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.
ADVERTISEMENT
Sustainability: The Case for Collective Action
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.
Sustainability
Is Fast Fashion Worth Recycling?
As the EU seeks to crack down on a growing glut of clothing waste, the rise of low-value ultra-fast-fashion, along with increased competition and geopolitical disruption, are putting pressure on the economics of collecting, sorting and recycling used textiles.
Is Fast Fashion Worth Recycling?
As the EU seeks to crack down on a growing glut of clothing waste, the rise of low-value ultra-fast-fashion, along with increased competition and geopolitical disruption, are putting pressure on the economics of collecting, sorting and recycling used textiles.
Fashion’s Plastic Addiction in Four Charts
Cheap and versatile polyester has underpinned both the fashion industry’s growth and its worsening environmental footprint. Efforts to switch to recycled fibre are stalled, new data show.
California Set to Mandate Clothing Recycling as Wardrobe Waste Grows
A new California bill proposes that brands take charge of recycling efforts, allowing consumers to drop off unwanted clothing at designated sites.
ADVERTISEMENT
Sustainability
California Wants Fashion Brands to Pay for Waste
A bill that would make brands responsible for making sure old clothes don’t wind up in landfill only needs the signature of Governor Gavin Newsom to become law, potentially paving the way for other states to take action on textile recycling.
California Wants Fashion Brands to Pay for Waste
A bill that would make brands responsible for making sure old clothes don’t wind up in landfill only needs the signature of Governor Gavin Newsom to become law, potentially paving the way for other states to take action on textile recycling.
Sustainability
Shein: Fashion’s Biggest Polluter in Four Charts
The ultra-fast-fashion giant’s planet-warming emissions have nearly tripled in the last three years as its growth far outpaced other major fashion companies. In Shein's latest sustainability report, CEO Sky Xu says tackling emissions is “particularly critical."
Shein: Fashion’s Biggest Polluter in Four Charts
The ultra-fast-fashion giant’s planet-warming emissions have nearly tripled in the last three years as its growth far outpaced other major fashion companies. In Shein's latest sustainability report, CEO Sky Xu says tackling emissions is “particularly critical."
Shein Is on a Pre-IPO Charm Offensive
The controversial e-commerce giant is on a charm offensive as it seeks to manage regulation that takes aim at fast fashion and drum up support for a possible London listing.
Fashion Recycling’s Second Act
The nascent textile-to-textile recycling industry is emerging from crisis with fresh momentum, as Swedish pioneer Renewcell is rescued out of administration and Sri Lankan manufacturing giant MAS pledges to buy thousands of metres of recycled polyester.
The News in Brief
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
Billionaire H&M Founding Family Speeds Up Share Purchases
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.
Kate Moss’ Cosmoss Enters Liquidation
The prestige skincare and wellness line founded by the British supermodel entered liquidation proceedings after failing to file its company accounts.
Vivienne Westwood and Rei Kawakubo Paired for Blockbuster Exhibition
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
Exclusive: Smythson of Bond Street Acquired by Oakley Capital
The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally.
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Bold Management Acquires Influencer Agency The Digital Prototype
The deal bolsters Bold’s talent management capabilities in France.