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.
supply-chain
Sustainability
Fashion Is Failing to Protect Garment Workers From Extreme Heat
The International Accord is adding heat-stress protocols to its binding mandate for brands after a watchdog group documented severe heat-related harm to garment workers in Bangladesh and Pakistan.
Fashion Is Failing to Protect Garment Workers From Extreme Heat
The International Accord is adding heat-stress protocols to its binding mandate for brands after a watchdog group documented severe heat-related harm to garment workers in Bangladesh and Pakistan.
Sustainability
Are Fashion’s Sustainability Efforts Misplaced?
A disappointing COP30 deal was reached in Brazil, while floods across South and Southeast Asia showed exactly why quicker action is required. Meanwhile the EU watered down sustainability legislation yet again, this time targeting deforestation. In some positive news, bans on fur and misleading ‘green’ ads made headway.
Are Fashion’s Sustainability Efforts Misplaced?
A disappointing COP30 deal was reached in Brazil, while floods across South and Southeast Asia showed exactly why quicker action is required. Meanwhile the EU watered down sustainability legislation yet again, this time targeting deforestation. In some positive news, bans on fur and misleading ‘green’ ads made headway.
Sustainability
Italian Police Seek Governance Documents From 13 Fashion Firms in Labour Abuse Probe
Governance and supply-chain documents have been requested from 13 luxury fashion brands, including Gucci and Prada, as part of an ongoing investigation into alleged worker exploitation.
Italian Police Seek Governance Documents From 13 Fashion Firms in Labour Abuse Probe
Governance and supply-chain documents have been requested from 13 luxury fashion brands, including Gucci and Prada, as part of an ongoing investigation into alleged worker exploitation.
Sustainability
Amnesty Says Fashion Benefits From Worker Repression
The human-rights organisation’s first-ever examination of the global garment industry alleged that major brands have been complicit in widespread anti-union abuse across their South Asian supply chains.
Amnesty Says Fashion Benefits From Worker Repression
The human-rights organisation’s first-ever examination of the global garment industry alleged that major brands have been complicit in widespread anti-union abuse across their South Asian supply chains.
Global Markets
Trump’s Tariffs Have Already Rewired the Global Fashion Industry
Brands and their suppliers have been forced to rapidly adjust to the new US duties, with the ripple effects set to continue into next year, according to the BoF-McKinsey State of Fashion 2026.
Trump’s Tariffs Have Already Rewired the Global Fashion Industry
Brands and their suppliers have been forced to rapidly adjust to the new US duties, with the ripple effects set to continue into next year, according to the BoF-McKinsey State of Fashion 2026.
Sustainability
The COP30 Deal Won’t Solve Fashion’s Climate Problems
Action is needed much faster than it will take for voluntary national commitments to kick in.
The COP30 Deal Won’t Solve Fashion’s Climate Problems
Action is needed much faster than it will take for voluntary national commitments to kick in.
News & Analysis
The State of Fashion 2026: When the Rules Change
The 10th annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals how changes in trade, technology and consumer behaviour will challenge businesses in 2026. Download the full report to understand the 10 themes that will shape the industry and opportunities for growth in the year ahead.
The State of Fashion 2026: When the Rules Change
The 10th annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals how changes in trade, technology and consumer behaviour will challenge businesses in 2026. Download the full report to understand the 10 themes that will shape the industry and opportunities for growth in the year ahead.
Sustainability
Survival Is Fashion’s Next Big Climate Challenge
With efforts to avert climate crisis just limping along, the industry needs to brace for a harsh new reality.
Survival Is Fashion’s Next Big Climate Challenge
With efforts to avert climate crisis just limping along, the industry needs to brace for a harsh new reality.
Sustainability
Explainer: What the EU’s Moves to Water Down Sustainability Rules Mean for Fashion
After months of political wrangling, Europe’s Parliament has reached a deal to significantly scale back landmark corporate sustainability rules, paving the way for much laxer environmental reporting and due diligence requirements for large fashion brands.
Explainer: What the EU’s Moves to Water Down Sustainability Rules Mean for Fashion
After months of political wrangling, Europe’s Parliament has reached a deal to significantly scale back landmark corporate sustainability rules, paving the way for much laxer environmental reporting and due diligence requirements for large fashion brands.
Sustainability
Patagonia’s CEO on Selling ‘the Unsexiest Thing in the World’
As the Californian outerwear brand publishes its first ever sustainability progress report, its 50-year effort to model and promote a more climate-friendly form of capitalism is under threat.
Patagonia’s CEO on Selling ‘the Unsexiest Thing in the World’
As the Californian outerwear brand publishes its first ever sustainability progress report, its 50-year effort to model and promote a more climate-friendly form of capitalism is under threat.
Sustainability
Can Fashion Still Meet Its Climate Promises?
As the UN’s annual COP climate summit gets underway against a challenging backdrop, the industry’s near-term pledges to help cap planet-warming emissions are slipping out of reach.
Can Fashion Still Meet Its Climate Promises?
As the UN’s annual COP climate summit gets underway against a challenging backdrop, the industry’s near-term pledges to help cap planet-warming emissions are slipping out of reach.
Sustainability
Are All Sustainability Certifications Broken?
The standards big brands rely on to back up their green claims are facing intense and unflattering scrutiny, Trump’s trade war is having far-reaching and destructive impacts on the lives of garment workers and what to watch ahead of the UN’s COP climate summit.
Are All Sustainability Certifications Broken?
The standards big brands rely on to back up their green claims are facing intense and unflattering scrutiny, Trump’s trade war is having far-reaching and destructive impacts on the lives of garment workers and what to watch ahead of the UN’s COP climate summit.
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.