ZURICH - Fast fashion brands like Zara, H&M and Primark could face sharp declines in profits over the next decade as sustainability rises to the top of the consumer agenda, according to Swiss multinational investment bank UBS.A new report by the bank for its clients warns that fast fashion brands and retailers could see profits fall by 10 to 30 per cent over the next five to ten years as customers become more environmentally aware.“The compounding effect of consumers buying fewer items but a

TORONTO - Outdoor apparel brand Canada Goose has launched its latest sustainability report which includes a range of environmental commitments but no plans to end its controversial use of fur.Canada Goose's 2020 sustainability report provides updates on some of its goals from 2019, along with a series of new goals it intends to meet by 2025.It includes a focus on replacing all materials in its products, including cotton, nylon, polyester and down, with what the company calls 'preferred f

Tencel branded fibres by Lenzing in collaboration with Anita Dongre, has unveiled a new spring summer 2021 collection – ‘Sounds of the Forest’. The collection uses renewable and biodegradable materials featuring light and easy ready to wear that take after the whimsical beauty of woodlands with harmonies of flora and fauna reflected in patterns and prints.The colour spectrums take inspirations from pastels of early mornings and deep indigos of midnight. The silhouettes created are perfect for a

LVMH Moet Hennessy Louis Vuitton, the world’s leading luxury products group, reported 32 per cent revenue growth to €13.9 billion in its first quarter (Q1) FY21, compared to the revenue of €10.5 billion in the same quarter prior fiscal. The US and Asia registered strong growth, while Europe is still affected due to store closures and suspension of tourism.Pic: ShutterstockFashion & leather goods business during Q1 FY21 jumped 45 per cent to €6.7 billion (€4.6 billion). Louis Vuitton, driven

LONDON - The PETA animal rights organisation is set to once again urge luxury fashion company LVMH to stop using fur and exotic skins in its products.PETA is a shareholder in LVMH, which owns brands such as Louis Vuitton, Christian Dior and Fendi, and uses this to pose questions at the company's annual meeting, due to be held tomorrow (Thursday, 15th April).This year, it is asking the company: “When will LVMH make the sensible decision to move away from the dangerous and cruel trade in the s

The denim industry, as a part of the wider textile industry, which is one of the most polluting industries in the world, has come a long way since Levi Strauss developed its first pair of blue jeans for gold miners in the San Francisco area in 1873. Note that the first Levi’s blue jeans were reserved for men. Women had to wait until the next century, the year 1934 to be precise. The jeans developed by Levi’s were made out of a sturdy type of cotton fabric. To prevent this ‘jean’ fabric from ripp

In its continual commitment to sustainability and innovation, Levi Strauss & Co. has now joined Fashion for Good.Image Courtesy: levistrauss.comWhile making the official announcement of the partnership,Katrin Ley, MD, Fashion for Good, said that Fashion for Good is incredibly proud to welcome Levi Strauss & Co. as its corporate partner and is excited to collaborate together, further helping them in executing and achieving their ambitions towards affecting positive change in the fashion i

BRUSSELS - The European Commission is set to launch a new campaign aimed at raising awareness of the environmental impact of the fast fashion industry.The ‘Beyond Your Clothes’ campaign - part of the European Union-funded 'SMART Textile & Garments' project - will be launched on Monday 12th April.It aims to raise awareness of the environmental impact of growing clothes consumption which it says has increased by 60 per cent in the last 15 years.Source:Eco Textile

Texworld Evolution Paris – Le Showroom show (physical event) will be organised from 5 to 9 July 2021.This format, successfully developed by Messe Frankfurt France, allows maintaining exchanges with fabrics’ and finished products’ manufacturers, while respecting sanitary regulations.Due to COVID-19 crisis and the restrictions imposed on major international events, Messe Frankfurt France has decided to renew the Texworld Evolution Paris – Le Showroom formula, in Paris.This event will focus on a se

The Buckle Inc, a US-based fashion retailer, posted 17.7 per cent increase in its net sales to $318.8 million during the fourth quarter (Q4) FY20, ended on January 30, 2021 compared to sales of $271.1 million in same period prior fiscal. The company’s online sales for the quarter jumped 81.5 percent to $66.2 million (Q4 FY19: $36.4 million).Pic: The BuckleGross profit rose to $163.5 million ($128.6 million), while operating expenses were $78.9 million ($68.7 million). The company’s net income du