The intersection of artificial intelligence and climate action is becoming increasingly significant as companies seek innovative solutions to combat environmental challenges. One of the most notable examples of this trend is Amazon Web Services (AWS) moving towards sustainable practices by integrating AI-designed materials to cut carbon emissions in its data centres. This initiative not only […]
Textile Recycling: Big Opportunity or Risky Business?
In recent years, the fashion industry has faced increasing scrutiny due to its impact on the environment. Amidst this backdrop, Technip Energies, a French engineering giant, is making a significant pivot from its traditional operations, which have focused heavily on fossil-fuel infrastructure, to a promising new venture in textile recycling. With its recent launch of […]
The Debrief | The Future of Resale
The resale market, once viewed as a niche segment of the fashion industry, has rapidly transformed into a multi-billion-dollar enterprise. In the United States alone, it is estimated to be worth around $50 billion, reshaping consumer behavior and presenting new opportunities for brands. What has driven this evolution, and what does the future hold for […]
Premium Cosmetics Brand Violette_Fr Closes Series B Round
Violette_Fr, the avant-garde cosmetics line created by the renowned French makeup artist Violette Serrat, has announced a successful closure of its Series B funding round. This significant financial backing, led by Silas Capital—a New York-based investment firm known for its strategic focus on consumer brands—will facilitate the brand’s ambitions for product development, global outreach, and […]
Creating a Dialogue with Consumers Through Connected Products
In a pivotal moment for the fashion industry, Michele Casucci, founder and general manager of Certilogo, hosted a groundbreaking knowledge luncheon at BoF VOICES 2024 in Oxfordshire. As leaders from notable brands like Versace, Tommy Hilfiger, Nike, and H&M came together, the focus was on digital product passport technology (DPPs) — an avenue that not […]
Saudi Cosmetics Retailer Nice One Announces $320 Million IPO
Nice One Beauty, a prominent online cosmetics retailer based in Saudi Arabia, has announced plans for a substantial initial public offering (IPO) aiming to raise up to 1.21 billion riyals (approximately $322 million). This move represents a significant development in the rapidly expanding beauty sector within the region, adding momentum to a spree of IPOs […]
Shiseido Stock Plummets After Growth Plan Underwhelms
In the competitive world of cosmetics, companies must stay ahead of market trends and consumer preferences. Unfortunately for Shiseido Co., the Japanese beauty giant, recent developments have led to a significant decline in its stock price, reaching an eight-year low. This situation arises from a growth strategy that is failing to convince investors, particularly in […]
Horizon Europe Collaboration: Transforming Alberta's Research Landscape Through Innovation
The rapid pace of global change demands a unified response, emphasizing the importance of collaboration in addressing pressing real-world challenges. As an integral part of this international framework, the Southern Alberta Institute of Technology (SAIT) is actively engaged in Horizon Europe, a research and innovation initiative set to tackle urgent global issues with innovative solutions. […]
Nykaa Acquires Indian Beauty Brand Earth Rhythm
In a significant move within the Indian beauty market, Nykaa, a prominent digital-first beauty and fashion retailer, has acquired Earth Rhythm, a brand known for its commitment to clean skincare and sustainable practices. This acquisition follows a minority investment made by Nykaa in Earth Rhythm two years prior, indicating a strong belief in the brand’s […]
The Debrief | Luxury’s Italian Sweatshops Problem
The luxury fashion industry prides itself on its commitment to artisanal craftsmanship and ethical manufacturing. However, recent investigations have revealed a troubling reality that threatens to unravel the pristine image upheld by iconic brands such as Dior and Armani. Over the past year, a scandal linking these labels to exploitative sweatshops in Italy has emerged, […]