SDA Bocconi School of Management and Enel X have joined hands to unveil the Monitor for Circular Fashion – a first of its kind project to assess and provide a picture of the status of the circular economy in the Italian fashion industry. The initiative has been joined by some of the industry’s key players who have shared significant inputs for the project.Pic: ShutterstockThe Monitor for Circular Fashion intends to engage a representative cross-section of the Italian fashion industry across the

BARCELONA – Spanish fashion brand Mango has announced that 79 per cent of its garments now integrate more ‘sustainable’ fibres.These products now align with the principles of the brand’s Committed Collection, which it launched in 2017 with the ambition of offering sustainably-made clothing. At that time, just 44 per cent of the company’s portfolio comprised such materials.“We have made the commitment to continue working to become a more sustainable company. This is why we are taking huge steps w

PARIS – Luxury brands Alexander McQueen and Balenciaga, both owned by fashion conglomerate Kering, have banned the use of animal fur within their supply chains.The news was disclosed in Kering’s 2020 Universal Registration document, which stated that in addition to the likes of Gucci having fur-free policies “Balanciaga and Alexander McQueen also no longer use fur in their collections”.It comes after a coalition of fashion designers, including Stella McCartney and Vivienne Westwood, signed a let

Isko, the world’s leading denim ingredient brand headquartered in Turkey, has launched the Isko Selvedge, a 21st century reinterpretation of one of the most legendary denim fabrics ever made. Inspired by the history and reverence of original Selvedge denim, Isko has applied its high-performance patented technologies to develop a new Selvedge range.Pic: IskoAvailable in a wide selection of weights, stretch options and finishes, Isko Selvedge adds flexibility, softness and comfort to a fabric more

L Brands, the American fashion brand, has increased its guidance for Q1.Image Courtesy: businessinsider.inWhile confirming the same in a statement released to media, the US-based retailer said that there was a shift in consumer spending patterns, which it owed largely to relaxation in pandemic restrictions.The retailer also attributed shift in consumer spending to Government stimulus payments to households.This has also enhanced the performance of retailer’s brands such as Victoria’s Secret and

The U.S. Cotton Trust Protocol welcomes luxury brand Byford as a member of the system that provides brands and retailers with the critical assurances they need to validate that the cotton fiber element of their supply chain is more responsibly grown.Byford, founded in Leicester, UK with its origins dating back the early 20th century, is dedicated to quality garments, reflecting a commitment to high standards of design and craftsmanship. Today, the brand has more than 1,500 sales points in over 2

Dafiti, the largest fashion and lifestyle e-commerce platform in Latin America (LATAM), is celebrating its 10th anniversary by collaborating with ten brands to create ten exclusive collections. The campaign features brands such as Adidas, Capodarte, Colcci, Forum, Lança Perfume, Luiza Barcelos, Melissa, Porto Brasil, Reserva, and Santa Lolla.Pic: Global Fashion GroupThe limited edition collections cater to the core Dafiti consumer by showcasing the essence and DNA of the business and celebrating

Prada Group, an Italy-based global leader in luxury goods industry, has reported 24 per cent revenues decline to €2.4 billion in its fiscal year 2020 ended on December 31, 2020 compared to revenues of €3.2 billion in the prior fiscal. The group incurred a net loss for the year of €54 million compared to the net income of €256 million in FY19.Pic: Shutterstock“In this disruptive year we have managed to achieve the goals we set ourselves, thanks to the commitment and high sense of responsibility o

SMCP, the premium fashion group based in France, has posted a full-year loss in 2020 – all thanks to COVID-19-induced store closures and lockdowns.Image Courtesy: life24.proThe Group posted a net loss of €102.2 million for 2020, compared to a profit of €43.7 million back in 2019.The loss, however, came down to €39.6 million following exclusion of Goodwill and right of use impairments.The year also saw SMCP’s adjusted EBITDA fall by 37.3 per cent to €179.6 million.Talking of SMCP’s brands, Maje p

LONDON - The Fashion Revolution initiative is to launch a new campaign urging customers to press more than 60 major brands and retailers to publicly disclose the processing facilities and textile mills in their global supply chains.The '#WhoMadeMyFabric?' campaign will be launched during the non-profit's annual Fashion Revolution Week which is held in April to mark the anniversary of the Rana Plaza disaster in Bangladesh.Consumers are being encouraged to email brands and retailers di