Browsing tag

fashion

New York Looks to Pass First Of Its Kind Sustainable Fashion Law

3 Mins Read January 2022 has seen the fashion world sit up and take notice. A new bill has been put forward to address unsustainable practices within the industry. If the Fashion Sustainability and Social Accountability Act is passed, New York will become the first state in the U.S. to account for fashion-related climate change. The bill, sponsored […]

This Google-Powered Tool Will Change How Fashion Brands Source Textiles

3 Mins Read The new Global Fibre Impact Explorer developed by Google and WWF is being expanded under NGO Textile Exchange to transform the way the fashion industry sources raw materials.  Fashion brands are racing to clean up their supply chains as conscious consumerism takes hold, but one of the biggest challenges comes down figuring out how to […]

Cotton Is Not So Water Thirsty, Says Fashion Misinformation Report

4 Mins Read A new report into misinformation in fashion claims to have debunked myths around the water-intensive nature of cotton. According to the research, which was conducted by denim and cotton industry groups Transformers Foundation and ICAC, the assumptions we base our fashion buying decisions on aren’t always accurate.  Sustainability has become one of the biggest buzzwords […]

Collective for Change: Vestiaire Collective Aims To Raise Funds For Circular Fashion Charity The OR Foundation

4 Mins Read Just in time for Earth Week, online resale fashion platform Vestiaire Collective has unveiled a new campaign dubbed ‘Collective for Change’ to raise awareness on the tremendous waste produced by the fashion industry, by raising funds for circular fashion charity The OR Foundation. Paris-based preloved fashion company Vestiaire Collective is urging all fashion activists to […]

Vestiaire Collective Becomes Unicorn After Kering & Tiger Global Back US$216M Round

4 Mins Read Vestiaire Collective, the Paris-headquartered global resale site for premium pre-owned fashion, has announced the closing of a €178 million (US$216 million) financing round, led by luxury group Kering and New York-based investment firm Tiger Global Management. The funding, which propels the startup to unicorn status, will be used to accelerate its global expansion plans amid […]

Fast Fashion Giants Back Bangladesh Recycling Scheme In Industry Push To Go Circular

3 Mins Read Big fashion labels are hopping on the sustainable bandwagon, backing a new recycling scheme in Bangladesh garment factories. The program will see brands like H&M, Bershka, Marks & Spencer, Bestseller and others forge commercial partnerships with textile and garment manufacturers and recyclers to reintroduce post-production fashion waste back into their products, as well as find […]

H&M: 7-Times Oversubscribed Sustainability-Linked Bond Draws US$4.6 Billion In Orders

3 Mins Read H&M Group’s newly issued €500 million (US$606 million) sustainability-linked bond (SLB) garnered huge interest on the market. The bond was 7.6-times oversubscribed, attract ingmore than US$4.6 billion orders in a strong sign of the greener investment sentiment taking over the financial industry.  H&M has issued a €500 million (US$606 million) SLB with a maturity of […]

Wasted Fashion: 1/3 Of All Clothing In Hong Kong Wardrobes Never Worn

3 Mins Read A new study commissioned by Hong Kong-based environmental nonprofit Redress has revealed that a third of clothing in Hongkongers’ wardrobes are never or rarely worn. The research also found that two in five consumers in the city keep their clothes for one year or even less, highlighting the severity of the throwaway culture in Hong […]

Zalando, ASOS & Next Drop Boohoo Over Factory Exploitation Allegations

3 Mins Read Fashion retail giants Next, Zalando and ASOS have just pulled fast fashion brand Boohoo off their sites after allegations of worker’s exploitation, low pay and hazardous working conditions at the company’s supplier factory in Leicester in the United Kingdom. An official investigation has now been launched by the Boohoo and is yet another blow to […]

Hong Kong’s Sustainable Fashion NGO Redress Gets Permanent Home

3 Mins Read Hong Kong-based Redress, a charity dedicated to fighting fashion waste, has just established its new headquarters in Sham Shui Po, the heart of the city’s historical textile manufacturing hub. The new space will feature a Retrospective Exhibition to celebrate pieces from previous cycles of the Redress Design Award, the organisation’s flagship program promoting sustainable fashion […]

Vietnam: Garment Workers’ Lose Income As Covid-19 Decimates Fashion Orders

3 Mins Read Vietnam’s significant textile industry is battling the sudden drop in orders due to vanished demand as a result of the coronavirus, which could mean the loss of vital incomes for the country’s garment makers. Vinatex, one of the largest corporations in Vietnam, says that as many as 50,000 workers could be furloughed as a result […]

Preloved Fashion Platform Vestiaire Collective Secures US$64 Million For Asia Expansion

3 Mins Read Amidst the global campaign Fashion Revolution Week, Paris-based resale fashion online platform Vestiaire Collective announced today that it has landed US$64 million in new funding. The latest injection of capital was financed by both existing shareholders and new investors including Korean tech company Naver-backed Korelya Capital and specialist female-led consumer fund Vaultier. Vestiaire Collective says […]

Second Hand Fashion Is Taking Over The World, From Thrift To Preloved Luxury

4 Mins Read Global charity Oxfam has recently launched their #SecondHandSeptember campaign, calling on people to join the pledge to say no to new clothing for 30 days. Having been reusing and reselling clothes since 1948, the NGO has declared that secondhand is the answer to sustainable fashion, helping to sound the alarm on the environmental impact of […]