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.
regulation
Sustainability
Fashion Isn’t Ready for the Regulation Coming for It
New transparency requirements in France are testing big brands from Louis Vuitton to Zara as they prepare for an oncoming wave of sustainability regulation.
Fashion Isn’t Ready for the Regulation Coming for It
New transparency requirements in France are testing big brands from Louis Vuitton to Zara as they prepare for an oncoming wave of sustainability regulation.
News & Analysis
The 10 Themes That Will Define the Fashion Agenda in 2023
The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.
The 10 Themes That Will Define the Fashion Agenda in 2023
The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.
Sustainability
The Steps Fashion Must Take to Hit Its Sustainability Goals
A year of climate disasters, greenwashing scams and labour scandals highlights that business as usual just won’t cut it.
The Steps Fashion Must Take to Hit Its Sustainability Goals
A year of climate disasters, greenwashing scams and labour scandals highlights that business as usual just won’t cut it.
Sustainability
The Best of BoF: Fashion’s Sustainability Reckoning
From innovative materials to regulatory crackdowns, 2022 was a year that pushed the fashion industry to rethink how it operates.
The Best of BoF: Fashion’s Sustainability Reckoning
From innovative materials to regulatory crackdowns, 2022 was a year that pushed the fashion industry to rethink how it operates.
Sustainability
Fashion’s Age of Self-Regulation Is Over
The idea that businesses will willingly sacrifice profit to reduce pollution and improve labour conditions is a “convenient fantasy.” But beefing up government oversight is a messy and slow process.
Fashion’s Age of Self-Regulation Is Over
The idea that businesses will willingly sacrifice profit to reduce pollution and improve labour conditions is a “convenient fantasy.” But beefing up government oversight is a messy and slow process.
News & Analysis
BoF VOICES 2022: Fashion’s Fresh Challenges and New Directions
From cracking down on greenwashing to planning for a challenging 2023, big thinkers from fashion and beyond shared their insights on the future of the fashion system in the second session of BoF VOICES.
BoF VOICES 2022: Fashion’s Fresh Challenges and New Directions
From cracking down on greenwashing to planning for a challenging 2023, big thinkers from fashion and beyond shared their insights on the future of the fashion system in the second session of BoF VOICES.
Sustainability
‘Stop Lying, Stop Greenwashing’ — Key Messages From COP27
From activists taking brands to task over corporate greenwashing to the finance gap and antitrust challenges, here’s what fashion leaders need to know from the UN’s high-stakes climate summit.
‘Stop Lying, Stop Greenwashing’ — Key Messages From COP27
From activists taking brands to task over corporate greenwashing to the finance gap and antitrust challenges, here’s what fashion leaders need to know from the UN’s high-stakes climate summit.
Sustainability
BoF Insights | Does Fashion Stand a Chance of Hitting Its Sustainability Targets?
With all eyes on COP27, BoF Insights research into the sustainability initiatives of the world’s 30 largest publicly listed fashion companies underscores why the industry is at risk of missing sustainability goals set for the end of this decade.
BoF Insights | Does Fashion Stand a Chance of Hitting Its Sustainability Targets?
With all eyes on COP27, BoF Insights research into the sustainability initiatives of the world’s 30 largest publicly listed fashion companies underscores why the industry is at risk of missing sustainability goals set for the end of this decade.
Sustainability
Can Fashion Stop Greenwashing?
Big brands are changing the way they talk about sustainability following a regulatory crackdown in Europe. But exactly how companies should be required to substantiate their eco-marketing claims remains hotly debated.
Can Fashion Stop Greenwashing?
Big brands are changing the way they talk about sustainability following a regulatory crackdown in Europe. But exactly how companies should be required to substantiate their eco-marketing claims remains hotly debated.
Sustainability
Why Fashion Still Uses Toxic ‘Forever Chemicals’
Brands from Canada Goose to Patagonia still rely on PFAS for performance attributes like waterproofing.
Why Fashion Still Uses Toxic ‘Forever Chemicals’
Brands from Canada Goose to Patagonia still rely on PFAS for performance attributes like waterproofing.
Sustainability
Fashion’s COP27 Cheat Sheet
The UN’s annual climate summit is taking place against a challenging backdrop. But coming together to agree on tangible action has never been more critical.
Fashion’s COP27 Cheat Sheet
The UN’s annual climate summit is taking place against a challenging backdrop. But coming together to agree on tangible action has never been more critical.
Sustainability
Can Fashion’s Favourite Sustainability Standard Be Saved?
At its annual meeting the Sustainable Apparel Coalition sought to move past a greenwashing controversy that’s exposed the limits of the fashion industry’s efforts at self-regulation.
Can Fashion’s Favourite Sustainability Standard Be Saved?
At its annual meeting the Sustainable Apparel Coalition sought to move past a greenwashing controversy that’s exposed the limits of the fashion industry’s efforts at self-regulation.
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.