Consumers wrongly believe fashion causes minimal pollution – report
However, on the upside, a new poll shows that fashion followers are willing to pay more for sustainable clothing.But the overriding fact is that there’s a great…
Chinese e-commerce portal Yunji Weidian taps banks for U.S. IPO
Yunji hopes to fetch a valuation of between $7 billion and $10 billion in the IPO, and has mandated Morgan Stanley, Credit Suisse Group AG and JPMorgan…
Mamas & Papas launches resale and repair initiative
It offers parents a range of sustainable services “that ensure essential baby products can be reused, refreshed or recycled”, extending the life of items such as baby…
Luxury resale sees spike in high-value purchases under Covid-19
Sales of high-value jewelry on the platform have accelerated particularly strongly over the last year, growing 22 times more than sales of low-value jewelry. Sales of high-value…
Sponsors put Australian cricket on notice as ball-tampering scandal engulfs a nation
The incident, which Australian captain Steve Smith said involved senior players hatching a plan to tamper with the ball during a game against rival South Africa, also…
Russia to auction giant 51-carat polished diamond online
This huge, traditional round-cut diamond, whose 2.5 cm (1 inch) diameter is equal in size to the visible part of a human eye, bears the same name…
Prada signs Italian tax cooperation agreement
The scheme, known as cooperative compliance regime, involves an exchange of information between the company and authorities to avoid disputes and help the business to avoid unexpected…
Some global fashion brands ready to pay higher prices for Bangladesh-made garments
Bangladesh is the world’s largest apparel exporter after China. This week, after demonstrations caused deadly clashes between police and factory workers, the Bangladeshi government has imposed a…
Prada lends financial support to San Raffaele Hospital Covid-19 research project
The undisclosed donation will help the hospital research why Covid-19 has a significantly more severe effect on men than it does women, a difference that has yet…
Two programs launch during Black History Month in New York empowering BIPOC professionals
The first is a Brand Fellowship Program from RaiseFashion, the non-profit volunteer advisory network of fashion industry leaders advancing the equity of BIPOC talent through mentorship, resources,…