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sustainable fashion news

‘Nature-Based Solutions’: Burberry Promises To Slash Emissions By 46% By 2030 & Be Climate Positive By 2040

3 Mins Read Luxury fashion house Burberry has pledged to become climate positive by 2040 and aims to do so by slashing its emissions across its extended supply chain by 46% by 2030, with the brand promising to invest in initiatives that support taking action on climate change. British-based Burberry announced its new commitment to becoming climate positive […]

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 […]

ThredUp 2020 Report: Online Fashion Resale Thrives During Pandemic, Citing Record Sales

3 Mins Read ThredUP, the world’s biggest online consignment platform, has just revealed the latest results in its 2020 Resale Report in partnership with independent market research firm GlobalData. The report shows that far from taking a hit from the economic volatility, the online resale market has been booming despite the coronavirus pandemic.  Released today (June 30), thredUP’s […]

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 […]

Gap Partners With ThredUP, Latest Fashion Retailer To Join Resale Trend

3 Mins Read Gap has become the latest retailer to hop on the secondhand resale market, following multiple high-profile players looking to stay relevant and cash-in on shifting consumer tastes for sustainable fashion. In partnership with one of the world’s biggest thrift consignment platforms thredUP, customers can mail in their clothes for donation in exchange for credits to […]