Sustainability Pulse #86
Sustainability Trends & News Worth Exploring — August 9th, 2023
Would You Stop Shopping?
A small but growing number of people are pledging to reduce the number of new fashion products they buy radically. But a deeply entrenched culture of consumerism makes it hard for many to stop shopping.
Green People: She Exposed Toxic Fashion in ‘To Dye For,’ Found an Audience on TikTok
Summer beach reads take on a new twist with toxic fashion.
Fast fashion war: H&M sues SHEIN over copyright infringement
H&M first accused Shein of copying dozens of designs in 2021
Case is a rare example of an established brand suing Shein
A Running Timeline of Fashion Funding, Mergers & Acquisitions
The fashion and luxury industry is experiencing more mergers and funding rounds, including a $1.15 billion deal between Richemont, Alibaba, and Farfetch to provide luxury brands better access to the Chinese market. This could lead to more consolidation, with talk of Richemont merging Yoox Net-a-Porter with Farfetch or selling it to Alibaba.
Limonta Acquires South Korean Textile-maker BATM Co.
The acquisition is seen as strengthening Limonta’s footprint in Asia and expanding its product offering to sportswear fabrics.
U.N. Conscious Fashion and Lifestyle Network Annual Meeting Addresses Industry’s Challenges
During the UN Conscious Fashion and Lifestyle Network meeting, experts discussed the progress and challenges surrounding Sustainable Development Goals. This year, the network experienced a 54% growth rate, with active participation from countries such as the US, UK, India, France, Germany, Italy, Kenya, and Brazil. Kerry Bannigan from the Fashion Impact Fund presented the findings.
GEN Z Shoppers Prioritize Influencer Recommendations and Sustainability in Clothing Purchases
One-third of Gen Z participants in a Collage Group survey reported looking to influencer recommendations when deciding whether to buy from a clothing brand.
'High technology, not high design': fast fashion brand Shein embroiled in a new lawsuit
Controversial fast fashion retailer Shein has been accused of copyright infringement and related racketeering activities.
New report says fashion brands' failed even to show up' when addressing climate change.
A new report from Fashion Revolution, a non-profit "fashion activism movement," claims that most prominent fashion brands refuse to disclose critical information about their supply chains publicly.
How Jane Birkin Inspired One Of Today's Most Luxurious Status Symbols
Described as the epitome of French style, London-born actor, singer, and model Birkin's effortless looks, doe eyes, and tumultuous relationship with popular French singer/songwriter Gainsbourg catapulted her to fame in the late 1960s and 70s.
The Changing Landscape of The Fashion Industry: Apologies, Improvements and Acts of Responsibility
Exploring Fashion Industry's Journey, From Broken Pledges to Sustainable Practices
The fashion world has long been scrutinized for issues ranging from cultural insensitivity to human rights violations and environmental impact.
Read More (Under Paywall)
Watch: Animals dress to kill at this year's 'Pet Gala'
Fashion designer Anthony Rubio has recreated some of the most iconic looks from this year's Met Gala, but on pets.
Craze for vintage Gap comes to the rescue as current sales decline
Demand for quality clothing that captured the zeitgeist of the 90s and 00s is soaring, but it may not be enough to save the retailer
Madewell announces goals to make more sustainable denim.
Madewell has launched an ambitious five-pillar denim production improvement plan for its 266 factories around the world. The company produces over 20 million products a year.
Zimmermann’s journey from a Paddington market stall to $1.75 billion valuation
Various reports have put Zimmermann at $400 million in annual revenue and $125 million in EBIT. At over four times annual revenue and fourteen times net earnings, Advent’s bid represents a premium valuation for a fashion retailer – and assumes significant growth potential.
The 501 at 150
Unpacking the mythic appeal of Levi’s most iconic jeans as they celebrate a milestone anniversary—and are reimagined in greener denim made from 98 percent plant-based materials
A garment’s label tells you where it was made – but what does it reveal about its environmental impact?
Your T-shirt’s country of origin won’t give the full story of the supply chain, but it can yield some helpful clues.
RENEWCELL NAMES 47 COMPANIES IN CIRCULOSE SUPPLIER NETWORK
This week, the Swedish sustainable technology company announced the launch of the Circulose Supplier Network (CSN), a group of 47 “early adopters” in 12 countries with first access to production-ready volumes of the circular raw material.
France has approved a law that targets influencers. What does it mean for social media stars?
The French Parliament adopted a bipartisan bill on Thursday to regulate social media influencers' activities to curb the promotion of dangerous products and trends.
If Fashion Wants Sustainable Supply Chains, Here’s the One Thing it Should do
Inequalities in textile and apparel supply chains are holding our industry back. We must continue to work toward the ideal that everyone at every stage of the value chain should be treated and paid fairly.
Read More (Under Paywall)
Can Fashion Break Free From Its Addiction To Plastic?
The artcile discusses the substantial amount of plastic found in our clothing. Despite efforts to reduce single-use plastic, a considerable proportion of our clothes, which are produced at a rate of over 100 billion garments annually, contains plastic.
Op-Ed | Fashion’s Materials Revolution Is Here to Stay
The industry needs next-generation materials to meet its climate commitments, and quality, not capital, is the most important nut to crack, argues MycoWorks CEO Matthew Scullin.
Read More (Under Paywall)
European Union Approves Climate/ ESG Reporting Standards
On July 31, the European Commission adopted the European Sustainability Reporting Standards. The ESRS will standardize how companies within the European Union report climate change and other ESG-related actions. They are set to go into effect on January 1, 2024.
Vera
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