Saks Finalises Acquisition of Neiman Marcus Group
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
sustainability / Climate Change
The BoF Podcast | What Happens When It’s Too Hot to Make Fashion?
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.
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.
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.
Why Fashion Isn’t Making Climate Progress and What Needs to Change
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.
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Sustainability
What Will Happen to Fashion If the World Misses Its Climate Targets?
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.
What Will Happen to Fashion If the World Misses Its Climate Targets?
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.
Fashion Faces Big Climate Questions Ahead of COP 29
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.
A Fashion Exec’s Guide to the UN’s Nature Summit
Efforts to protect and restore nature are becoming a more important part of the fashion industry’s climate conversation.
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.
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Can Fashion Get Past the Climate Blah Blah Blah?
This week, New York hosted the “unofficial climate summit of the year.” But the effort to move the needle on climate action feels as gridlocked as the traffic in midtown Manhattan.
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."
Sustainability
Shein Reveals Child Labour Cases as It Steps Up Supplier Audits
The company said both cases had been “resolved swiftly,” with remediation steps including ending underage employees’ contracts, arranging medical checkups, and facilitating repatriation to parents or guardians as necessary.
Shein Reveals Child Labour Cases as It Steps Up Supplier Audits
The company said both cases had been “resolved swiftly,” with remediation steps including ending underage employees’ contracts, arranging medical checkups, and facilitating repatriation to parents or guardians as necessary.
Beware Fashion’s Sustainability Retreat
Financial and political volatility are having a chilling effect on the industry’s environmental efforts. But failure to act now will bring bigger risks in the future, writes Kenneth P. Pucker.
The News in Brief
Model Rights Bill Signed into Law in New York
The new law will give models working in the state greater protection from exploitation, harassment and AI.
L’Oréal Acquires South Korea’s Dr.G in Skincare Deal With Migros
French cosmetics giant L’Oréal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros.
Boohoo Shareholders Vote to Block Mike Ashley From Joining Board
Investors representing 64% of Boohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.
Walmart Says to Miss Climate Targets as Green Challenges Mount
Previous pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not achievable, and the company will consider reviewing its climate targets next year.
Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copycats
Sales of cheaper compounded versions must stop within 90 days. Novo’s rival shots, Ozempic and Wegovy, remain in short supply.
Prada Group and EssilorLuxottica Renew Ten-Year Eyewear License
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years.
Sofie Pavitt Face Gets Picked Up By Sephora
The “acne whisperer” for A-list Gen Z celebrities inks her biggest retail partnership yet.