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
Inside Luxury’s Italian Sweatshops Problem
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.
Inside Luxury’s Italian Sweatshops Problem
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.
Sustainability
Milan Proposes Supply-Chain Database Amid Sweatshops Probe
The Prefecture of Milan is aiming to beef up the fashion sector’s monitoring systems after an investigation by Milanese prosecutors found labour exploitation in the supply chains of luxury brands including Armani and Dior. The scheme currently in draft would be voluntary and limited to the Lombardy region.
Milan Proposes Supply-Chain Database Amid Sweatshops Probe
The Prefecture of Milan is aiming to beef up the fashion sector’s monitoring systems after an investigation by Milanese prosecutors found labour exploitation in the supply chains of luxury brands including Armani and Dior. The scheme currently in draft would be voluntary and limited to the Lombardy region.
Partner Content
The Supima Design Competition Showcases Fashion’s Next Generation at New York Fashion Week
Through partnerships with leading fashion schools across the US and a robust and growing network of alumni, the Supima Design Competition is setting up emerging design talent for success.
The Supima Design Competition Showcases Fashion’s Next Generation at New York Fashion Week
Through partnerships with leading fashion schools across the US and a robust and growing network of alumni, the Supima Design Competition is setting up emerging design talent for success.
Retail
H&M’s Big Bet on Fashion’s Elusive Middle
In an exclusive interview, CEO Daniel Ervér outlined his strategy to turn the Swedish fast-fashion giant’s greatest weakness – its positioning above Shein but below Zara in the category’s pricing hierarchy – into a strength. It all kicks off with a collection due out next month.
H&M’s Big Bet on Fashion’s Elusive Middle
In an exclusive interview, CEO Daniel Ervér outlined his strategy to turn the Swedish fast-fashion giant’s greatest weakness – its positioning above Shein but below Zara in the category’s pricing hierarchy – into a strength. It all kicks off with a collection due out next month.
Luxury
Dior Breached UK’s Modern Slavery Disclosure Requirements
The luxury brand, which is under scrutiny for links to sweatshop labour in Italy, was behind on publishing supply chain disclosures required by UK law until last month.
Dior Breached UK’s Modern Slavery Disclosure Requirements
The luxury brand, which is under scrutiny for links to sweatshop labour in Italy, was behind on publishing supply chain disclosures required by UK law until last month.
Global Markets
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
Sustainability
Nike Investors Want Answers on Human Rights Risks
The troubled sportswear giant is under pressure to address alleged failings in its approach to responsible sourcing as it struggles to execute on a turnaround plan amid an Olympics marketing push.
Nike Investors Want Answers on Human Rights Risks
The troubled sportswear giant is under pressure to address alleged failings in its approach to responsible sourcing as it struggles to execute on a turnaround plan amid an Olympics marketing push.
Partner Content
Unpacking Fashion’s Future of Sustainability
The textile and leather certification company allows fashion brands to signpost how they comply with environmental requirements through its modular certification system. Here, interim CEO Dr. Stefan Droste discusses the role transparency and certification play in fashion today and how businesses can stay ahead of regulatory change.
Unpacking Fashion’s Future of Sustainability
The textile and leather certification company allows fashion brands to signpost how they comply with environmental requirements through its modular certification system. Here, interim CEO Dr. Stefan Droste discusses the role transparency and certification play in fashion today and how businesses can stay ahead of regulatory change.
Luxury
The Court Administration Faced by LVMH and Armani Units, Explained
An Italian court has placed subsidiaries of the two luxury businesses under external supervision amid an ongoing probe into labour abuses in big brands’ supply chains.
The Court Administration Faced by LVMH and Armani Units, Explained
An Italian court has placed subsidiaries of the two luxury businesses under external supervision amid an ongoing probe into labour abuses in big brands’ supply chains.
Sustainability
Fashion’s Supply Chain Is Still Full of Banned Chinese Cotton
A study published this week found traces of cotton from Xinjiang in nearly a fifth of the products it examined, highlighting the challenges brands face in policing their supply chains even as requirements to do so spread to raw materials from diamonds to leather and palm oil.
Fashion’s Supply Chain Is Still Full of Banned Chinese Cotton
A study published this week found traces of cotton from Xinjiang in nearly a fifth of the products it examined, highlighting the challenges brands face in policing their supply chains even as requirements to do so spread to raw materials from diamonds to leather and palm oil.
Sustainability
Op-Ed | The Rise of the Unwasteful Brand
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
Op-Ed | The Rise of the Unwasteful Brand
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
Direct-to-Consumer
What It Takes to Win at DTC in 2024
The DTC bust of the past two years has casted a cloud on the sector, but emerging fashion brands with a better handle on supply, demand and customer retention are seeing profitable growth.
What It Takes to Win at DTC in 2024
The DTC bust of the past two years has casted a cloud on the sector, but emerging fashion brands with a better handle on supply, demand and customer retention are seeing profitable growth.
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.