De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
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Latest News & Analysis
Luxury
Accessible Luxury’s Big Opportunity
This week, everyone will be talking about Michael Kors’ 40th anniversary show, Gucci’s first-quarter sales and Fashion Revolution Week.
Accessible Luxury’s Big Opportunity
This week, everyone will be talking about Michael Kors’ 40th anniversary show, Gucci’s first-quarter sales and Fashion Revolution Week.
Sustainability
Fashion Is Still Failing on Workers’ Rights
The fashion industry runs on systemic inequality and social injustice. BoF assesses companies’ efforts to protect workers in their supply chain in the latest in a series of articles examining the findings of The BoF Sustainability Index.
Fashion Is Still Failing on Workers’ Rights
The fashion industry runs on systemic inequality and social injustice. BoF assesses companies’ efforts to protect workers in their supply chain in the latest in a series of articles examining the findings of The BoF Sustainability Index.
Sustainability
In Fashion’s Global Supply Chain, a Ruthless Race to the Bottom
A year into the coronavirus crisis, the garment industry and its millions of workers are suffering as they slash prices to stay competitive.
In Fashion’s Global Supply Chain, a Ruthless Race to the Bottom
A year into the coronavirus crisis, the garment industry and its millions of workers are suffering as they slash prices to stay competitive.
Retail
Boohoo Review Finds ‘Unacceptable Issues’ in Leicester Supply Chain
The review found that some workers had not always been properly compensated for their work and that many were not fully aware of their rights.
Boohoo Review Finds ‘Unacceptable Issues’ in Leicester Supply Chain
The review found that some workers had not always been properly compensated for their work and that many were not fully aware of their rights.
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Sustainability
How Likely Is It to Find Slavery in Fashion’s Supply Chains? Very.
The risk of finding forced labour, trafficking and other forms of modern slavery in major fashion manufacturing hubs has reached extreme levels, a new report finds.
How Likely Is It to Find Slavery in Fashion’s Supply Chains? Very.
The risk of finding forced labour, trafficking and other forms of modern slavery in major fashion manufacturing hubs has reached extreme levels, a new report finds.
Retail
Boohoo Shares Plunge After Suspending Business With Suppliers
Shares dropped as much as 17 percent in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen UK suppliers may be paying substandard wages.
Boohoo Shares Plunge After Suspending Business With Suppliers
Shares dropped as much as 17 percent in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen UK suppliers may be paying substandard wages.
China
Is Forced Uighur Labour in Your Supply Chain?
Fashion brands need to urgently clean up their supply chains as the US and Europe move to legislate against the alleged use of forced Uighur labour in China. Yet some players are still burying their heads in the sand.
Is Forced Uighur Labour in Your Supply Chain?
Fashion brands need to urgently clean up their supply chains as the US and Europe move to legislate against the alleged use of forced Uighur labour in China. Yet some players are still burying their heads in the sand.
Sustainability
Can Anything Shake Consumers’ Addiction to Fast Fashion?
Low-cost, high-volume fashion has come under fire for its environmental impact and unethical manufacturing practices. And yet, its cheap-chic combination remains compelling to both shoppers and investors.
Can Anything Shake Consumers’ Addiction to Fast Fashion?
Low-cost, high-volume fashion has come under fire for its environmental impact and unethical manufacturing practices. And yet, its cheap-chic combination remains compelling to both shoppers and investors.
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Sustainability
The BoF Podcast: Amber Valletta Says, ‘I Don’t Want to Work in an Industry That Is the Same as Before’
The supermodel, actress and environmental activist talks to BoF Editor-at-Large Tim Blanks about why the fashion industry cannot return to ‘business as normal.’
The BoF Podcast: Amber Valletta Says, ‘I Don’t Want to Work in an Industry That Is the Same as Before’
The supermodel, actress and environmental activist talks to BoF Editor-at-Large Tim Blanks about why the fashion industry cannot return to ‘business as normal.’
Retail
Why Fashion ‘Slavery’ Is Making Headlines
Fashion’s mistreatment of garment workers is widespread, but this week, allegations of ‘modern slavery’ at suppliers of British ultra-fast fashion label Boohoo have ignited a firestorm. Why now?
Why Fashion ‘Slavery’ Is Making Headlines
Fashion’s mistreatment of garment workers is widespread, but this week, allegations of ‘modern slavery’ at suppliers of British ultra-fast fashion label Boohoo have ignited a firestorm. Why now?
Retail
Weakened Demand at Stores Signals More Trouble for Garment Suppliers
With retailers looking to sell old inventory and seasonless basics, new orders for factories in garment hubs like Bangladesh are down by as much as 45 percent compared to last year.
Weakened Demand at Stores Signals More Trouble for Garment Suppliers
With retailers looking to sell old inventory and seasonless basics, new orders for factories in garment hubs like Bangladesh are down by as much as 45 percent compared to last year.
News & Analysis
The BoF Professional Summit Wrap-Up: How to Build a Responsible Fashion Business
The climate crisis, Covid-19 and recent anti-racism protests have forced the fashion industry to recognise how it is failing to live up to its environmental and social responsibilities. Global experts at The BoF Professional Summit weighed in on where we go from here.
The BoF Professional Summit Wrap-Up: How to Build a Responsible Fashion Business
The climate crisis, Covid-19 and recent anti-racism protests have forced the fashion industry to recognise how it is failing to live up to its environmental and social responsibilities. Global experts at The BoF Professional Summit weighed in on where we go from here.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.