LONDON - BlackRock, the world's largest asset management firm, has identified 'fast fashion' as one of four key sectors which it expects to accelerate post-pandemic growth towards circularity in the coming months.A new report by the managers of BlackRock's Circular Economy Fund said the coronavirus pandemic had threatened to stall the world’s transition towards circular solutions.But they expect the move towards a circular economy to get back on track this year with four key sect

FITZROY – Fashion brand Arnsdorf is to become the first Australian company to collaborate with blockchain-enabled second-hand clothing service SwapChain, developed by Global Fashion Exchange (GFE).The clothes swapping concept will see Arnsdorf entitle its customers to return their unwanted stock in exchange for ‘SwapChain tokens’, from now until the 7thMarch.From the 12thto the 20th, the brand will host a swap-themed event at its boutique in the city of Fitzroy, enabling customers to purchase ot

The Lakme Fashion Week (LFW), jointly organised by Lakme & RISE Worldwide (formerly IMG Reliance); and Fashion Design Council of India (FDCI), are set to present a joint schedule at Lakme Fashion Week. The Phygital Fashion Week will take place from March 16-21, 2021. The fashion event will have a special unity logo designed to mark the occasion.Pic: Fashion Design Council of IndiaLFW and FDCI will release the schedule shortly comprising the best of curation and designers from Delhi, Mumbai,

SAO PAULO - Brazil needs to step up efforts to build a more sustainable fashion supply chain amidst reports of rising pollution and deforestation in textiles production, according to a new report.The study, entitled Fashion Threads: Systemic Perspectives for a Circular Fashion, was funded by the Laudes Foundation and produced by sustainable fashion consultancy Regenerate, environmental media company Modefico and Brazilian thinktank Fundação Getulio Vargas.It argues that emissions from cotton far

MILAN – Italian fashion company and certified B Corp Save the Duck has been granted a€3 million loan which will be used to accelerate its environmental, social and governance (ESG) operations.The sustainability loan was awarded by Italy’s largest bank, Intesa Sanpaolo, and requires Save the Duck to pay it back over the next six years.“This financial transaction is a further confirmation of the goodness of the path undertaken by Save The Duck in the name of 360-degree sustainability, which we hop

Woolworths Holdings Limited (WHL), a South African retail company, reported 5.3 per cent turnover and concession sales growth to R43.0 billion (rand) in the first half (H1) fiscal 2021 ended on December 27, 2020 compared to R40.9 billion in the same period prior year. Company’s profit for the period rose 75.7 per cent to R2.7 billion (H1 FY19: R1.5 billion).Gross profit during the 26 weeks period was R14.5 billion (R14.1 billion). Whereas, operating profit grew to R3.8 billion (R3.2 billion).Woo

Ultracor has selected the next generation of e-commerce technology with the introduction of cryptocurrency payment options to the brand’s online shopping portal. Known for pioneering the sustainable future of eco-luxury performance apparel, Ultracor sculpting activewear highlights the unlimited potential of environmental efficiency in clothing design.Pic: PR NewswireLeveraging advanced large-format digital printing technology, founder of Ultracor, Asha Kai, uses a lean zero-waste/zero-inventory

Pic: BirkenstockBrand: BirkenstockLocation: IndiranagarArea: 170 sq mt, over two floorsProduct profile: This new store by Birkenstock unveils the brand’s largest orthopaedic display ‘footbed’ in Asia. Apart from timeless classics such as Arizona, Gizeh and Madrid, the product range in sustainable core materials such as cork, natural latex, milk and jute, and in trendy colours and styles caters to women, men, and children.Store design: A highlight at the store is the brand’s largest orthopedic di

LONDON – Apparel rental platform MyWardrobe HQ has partnered with British fashion brand Belstaff to launch what it claims to be the UK’s first casual menswear rental offering.The pair say the venture is “symbolic of how fashion is changing” and will particularly appease millennial consumers with a “no ownership” mindset. “Rental is going from strength to strength in the womenswear market, and menswear is an obvious next step – in fact, 30 per cent of our existing database are men so we know that

Moncler, an Italy based apparel and lifestyle luxury brand, has reported 12 per cent revenues decline to €1,440.4 million in its complete fiscal 2020 that ended on December 31, 2020, compared to the revenues of €1,627.7 million in the previous year. Company’s net income for full year decreased to €300.4 million (FY19: €358.7 million).Pic: MonclerGross margin during FY20 was €1,089.6 million (€1,265.3 million). EBIT (earnings before interest and taxes) slipped to €368.8 million (€491.8 million).R