Kering Shares Rise as Market Looks Ahead Investors in Kering, the renowned luxury goods company, have recently demonstrated optimism as the market shifts its focus towards the future under the leadership of new CEO Luca De Meo. Despite facing another weak quarter, shareholders are choosing to look past the current challenges and instead concentrate on […]
Italian Manufacturers Say Big Luxury Must Examine Sourcing Practices
Italian Manufacturers Call for Transparency in Luxury Sourcing Practices Trade group Confindustria Moda has recently made a bold call to action within the luxury industry. As major brands continue to face scandals related to illegal sweatshops outside Milan, the organization is urging for a ‘concrete dialogue’ on cost targets and contract terms. This move highlights […]
The Debrief | When Fashion Lost Its Voice
The Debrief | When Fashion Lost Its Voice In the midst of immigration raids causing uproar in Los Angeles, the fashion industry’s silence is deafening. While protests erupt in various sectors, from tech to food service, the typically vocal fashion realm has been notably subdued. This begs the question: why has an industry known for […]
This Week: Reviving the Sustainable Fashion Movement in Copenhagen
Reviving the Sustainable Fashion Movement in Copenhagen: Insights from the 16th Global Fashion Summit The 16th Global Fashion Summit comes as advocates for a greener, more humane fashion industry find themselves on the defensive. With the fashion industry being one of the biggest polluters globally, the need for sustainable practices has never been more urgent. […]
Italy’s Competition Authority Closes Dior Probe
Italy’s Competition Authority Closes Dior Probe Italy’s Competition Authority recently wrapped up its investigation into luxury fashion house Dior, focusing on allegations of misleading information regarding the working conditions at its suppliers. The probe, which generated significant attention within the industry, ultimately concluded without findings of any wrongdoing on Dior’s part. This outcome sheds light […]
The Debrief | TikTok, Tariffs and Luxury’s Fake News Problem
The Debrief | TikTok, Tariffs and Luxury’s Fake News Problem In the age of social media, misinformation can spread like wildfire, shaping consumer perceptions and challenging established norms. Recently, a wave of TikTok videos has fueled a concerning narrative: that luxury bags and their counterfeits are made in the same factories. This revelation has stirred […]
Trump’s Threat to Human Rights in Fashion’s Factories
Trump’s Threat to Human Rights in Fashion’s Factories As the fashion industry continues to thrive on a global scale, the spotlight is often on the glitz and glamour of runways and red carpets. However, behind the scenes lies a darker reality – one where human rights violations run rampant in the factories that produce the […]
China Says PVH Engaged in “Improper” Conduct Related to Xinjiang
China Says PVH Engaged in “Improper” Conduct Related to Xinjiang The recent announcement by China’s commerce ministry regarding PVH, the parent company of renowned fashion brands Calvin Klein and Tommy Hilfiger, has sent shockwaves through the global business community. The ministry has stated its intention to summon PVH in the near future, citing “improper” conduct […]
The BoF Podcast | What Happens When It’s Too Hot to Make Fashion?
Fashion Under Fire: Navigating Sustainability in a Warming World As climate change continues to wreak havoc on our planet, the fashion industry finds itself at a crossroads. With rising temperatures and extreme weather events becoming the new normal, the traditional ways of creating and consuming fashion are being called into question. At VOICES 2024, a […]