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H&M Foundation unveils garments that capture CO2 from the air

Fashion group H&M’s non-profit H&M Foundation and The Hong Kong Research Institute of Textiles and Apparel (HKRITA) have unveiled cotton garments that can capture CO2 from the air and release it as nutrition for plants. The ‘Planet First’ programme from the two organisations has stated that the ‘Carbon Looper’ project could potentially be a “...

1 hour ago

Business

L’Oréal makes minority investment in Japanese start-up, Sparty

Cosmetics giant L’Oréal has announced its corporate venture capital fund, Business Opportunities for L’Oréal Development (BOLD), has made a minority investment in Japanese beauty start-up Sparty. The investment in the Tokyo-based company marks L’Oréal’s first venture capital in Japan. “Japan is one of the most sophisticated and influential...

1 hour ago

Fashion Featured

Balenciaga unveils collaboration with Adidas on the New York Stock Exchange

Balenciaga has gone public in New York and showed its spring collection for 2023 on Sunday between screens with flickering share prices. The fashion house also has the German sports giant Adidas in its baggage, which is currently very popular for luxury collaborations, and here, at the most recent, the boundaries between the fashion hypes and...

2 hours ago

Fashion Featured

Stella McCartney to launch first commercial luxury bag crafted from mycelium

British fashion brand Stella McCartney is to launch the world’s first-ever luxury bag crafted from mycelium, the root-like structure of fungi at a commercial level this summer. The Stella McCartney ‘Frayme Mylo’ will be available from July 1 and marks a milestone for the British conscious brand and a significant progression in vegan material...

2 hours ago

Fashion

Mr Porter launches second Small World collection

Mr Porter has launched its second Small World collection, showcasing a “carefully curated” selection of global brands that demonstrate a commitment to the luxury website’s Craftsmanship Code and champion responsible style. The Small World capsule collection spans ready-to-wear, swimwear, underwear, accessories, fine jewellery, and homeware and...

3 hours ago

RetailFeatured

Luxury brands call for tax-free shopping in the UK

Luxury trade body Walpole, which includes Burberry, Harrods, and Claridge’s among its members, is calling for the reintroduction of the VAT RES scheme, which it states could result in direct retail sales of at least 1.2 billion pounds. 250 luxury brands are calling on the government to reintroduce tax-free shopping to ensure that the UK’s...

4 hours ago

Business

Foot Locker posts slight uptick in Q1 sales, tops profit estimates

New York-based athletic retailer Foot Locker has reported a 1 percent year-on-year increase in sales in the first quarter of the year. In the quarter ending April 30, sales came in at 2.175 billion dollars compared to 2.153 billion dollars a year earlier. But comparable-store sales were down 1.9 percent, with apparel significantly outpacing...

5 hours ago

Business |In Pictures Featured

Vestiaire Collective opens new Paris headquarters

Luxury resale platform Vestiaire Collective has opened its new headquarters in Paris featuring an innovative, eco-designed space that puts employee wellbeing at the forefront and offers a new flex-office approach to a hybrid model between the office and remote working. The B Corp certified company has transformed a historical Parisian building...

6 hours ago

Business

Ted Baker selects potential buyer, Sycamore steps down

Ted Baker has announced in an update of its ongoing formal sales process that its board has selected a potential buyer. While the process may take several weeks and the retailer reinforced that an offer may not be made, it did say it would be going into a process of confirmatory due diligence with the unnamed firm. The selection comes over a...

6 hours ago

Fashion

PrettyLittleThing announces design competition with Teyana Taylor

Online retailer PrettyLittleThing is working with its US creative director Teyana Taylor to find their next ‘Designer of the Year’. The fast-fashion brand is calling on aspiring fashion designers to submit a maximum of four designs, one of which must be a design for Taylor’s upcoming tour, to win the chance to dress the award-winning singer, as...

6 hours ago

BusinessFeatured

Gymshark FY revenue up 54 percent as profits widen

Gymshark Group has reported a 54 percent increase in revenue in the year to July 31 2021. The sportswear giant made net revenue of 401.9 million pounds, up from 260.7 million pounds a year earlier, according to filings at Companies House. The Solihull-based group’s profit before tax increased to 45.4 million pounds from 30.4 million pounds a...

6 hours ago

Business

Weird Fish accelerates oversea expansion with Next and Zalando partnership

British clothing brand Weird Fish has announced new partnerships with online retailers Next and Zalando as part of a plan to grow its overseas reach and e-commerce division. The casualwear label will be introducing a full range of womenswear and menswear across both of the partners’ platforms, adding to its current online presence with the likes...

6 hours ago