Renting clothes can reduce the fashion industry’s enormous environmental impact, but so far, the business models have not worked very well. The best chance of success is for a rental company to provide clothing within a niche market, such as specific sportswear, and to work closely with the suppliers and clothing manufacturers. This is shown...
M&A and investment activity continues to dominate the fashion and luxury industries, with a rise in deal volume driven by ongoing consolidation, digital acceleration, and rising pressure on margins. From strategic acquisitions to tech-driven funding rounds, the landscape is increasingly shaped by players aiming to future-proof their operations and expand global reach. Big-name deals over...
Consumers are likely to continue making poor fashion choices unless eco-friendly choices become more accessible, according to a leading psychologist. Carolyn Mair says brands must do more to promote sustainable clothing by making it more accessible to all, and by doing more to educate the public about mindful consumption. Meaningful reforms to the current model...
In a sprawling secondhand clothing market in Ghana’s capital, early morning shoppers jostle as they search through piles of garments, eager to pluck a bargain or a designer find from the stalls selling used and low-quality apparel imported from the West. At the other end of the street, an upcycled fashion and thrifting festival unfolds...
Richemont has finally landed a buyer for Yoox Net-a-Porter following reports this spring that the Swiss luxury goods behemoth was preparing to sell off the luxury e-commerce platform for next to nothing. Sources tell TFL that the buyer is NYSE-traded e-commerce platform Mytheresa, which is the last interested party in the mix after the likes of Bain Capital...
When you go running in the woods in your running tights, elastane is the reason they fit you so comfortably. Elastane is an elastic material that allows the fabric to stretch and adapt to your body. But when elastane fibres are mixed with cotton, wool, nylon or other fibres, as is the case in many...
For in-the-know fashion historians and fans, Miami’s Parodi Costume Collection is an essential destination. Nonetheless, it’s admittedly a bit of an insider’s secret. Tucked on a quiet street not far from busy destinations like Wynwood Walls and the Miami Design District, it showcases highlights of a collection of more than 10,000 pieces that its founder,...
Greenwashing litigation has been making headlines in fashion and beyond, with H&M, Allbirds, Nike, and Canada Goose being among some of the big-name companies that have been targeted with lawsuits as a result of their focus on sustainability or broader ESG claims (think: the use of product/service claims in the vein of “sustainable,” “green,” “eco-friendly,” “conscious,” etc.) in their advertising...
Abercrombie & Fitch has landed on the receiving end of a new lawsuit, which accuses the company of participating – and maintaining “intentional involvement” – in a “widespread sex-trafficking operation led by its [former] CEO Michael Jeffries,” who is also named as a defendant in the striking case. According to the complaint that he filed...
Africa’s fashion industry is growing rapidly to meet local and international demand but inadequate investment limits its potential, UNESCO said Thursday in a report released during Lagos Fashion Week. Currently valued at $15.5 billion worth of exports annually, the earnings from the continent’s fashion industry could triple over a decade with the right investment and...
