Saks Finalises Acquisition of Neiman Marcus Group
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
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.
BoF senior correspondent Sheena Butler-Young and chief sustainability correspondent Sarah Kent unpack a scandal that has linked brands like Armani and Dior to Italian sweatshops.
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.
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.
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A new California bill proposes that brands take charge of recycling efforts, allowing consumers to drop off unwanted clothing at designated sites.
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.
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.
The troubled sportswear giant is under pressure to address alleged failings in its approach to responsible sourcing as it struggles to execute on a turnaround plan amid an Olympics marketing push.
The CEO of the Science Based Targets Initiative, which players from LVMH to Inditex use to set climate goals, stepped down this week amid a bust up over whether companies should be allowed to use carbon offsets to deliver on environmental commitments.
The CEO of the Science Based Targets Initiative, which players from LVMH to Inditex use to set climate goals, stepped down this week amid a bust up over whether companies should be allowed to use carbon offsets to deliver on environmental commitments.
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The industry’s sustainability champions are banking on legislators to force brands to deliver on climate commitments. Unless policy is paired with rapid action, it still won’t be enough, argues Achim Berg.
An investigation into labour exploitation in fashion’s Italian supply chains has already entangled Armani and LVMH, accusing the companies of failing to adequately oversee their suppliers. Incoming EU regulation means such lapses in oversight could soon come with penalties of up to five percent of global revenue.
An investigation into labour exploitation in fashion’s Italian supply chains has already entangled Armani and LVMH, accusing the companies of failing to adequately oversee their suppliers. Incoming EU regulation means such lapses in oversight could soon come with penalties of up to five percent of global revenue.
The closure of Mara Hoffman and other brands that built ethical consumption into their business models is raising questions about whether there’s room in the market for brands that put sustainability first.
Powerful trade groups are pushing back on a landmark New York bill that would make big businesses more accountable for their environmental impact.
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
The new law will give models working in the state greater protection from exploitation, harassment and AI.
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.
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.
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.
Sales of cheaper compounded versions must stop within 90 days. Novo’s rival shots, Ozempic and Wegovy, remain in short supply.
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years.
The “acne whisperer” for A-list Gen Z celebrities inks her biggest retail partnership yet.