In The News: Will LVMH and Kering Continue to Dominate Luxury Fashion?
IN THE NEWS
Hello BoF Professionals, your exclusive ‘This Week in Fashion’ briefing is ready, with members-only analysis on the key topic of the week and a digest of the week’s top news.
The groundbreaking issue addresses how the fashion industry and consumers can make meaningful changes to the way they work and shop to help the environment As part of this issue, which is printed on 100% recycled paper, we’ve teamed up with important voices across a spectrum of industries, to help us champion the cause for better environmental consciousness.
At a time when our waste and our environmental impact is firmly under the spotlight, news in early July that fashion brand Burberry had burned almost £30m ($40m) of stock has caused outrage. The company admitted destroying the unsold clothes, accessories and perfume instead of selling it off cheaply, in order to protect the brand’s exclusivity and value.
Two years ago, a factory in Bangladesh that sews jeans for Levi Strauss & Co. partnered with the company in a new experiment: Working with experts from the International Finance Corporation (IFC), the World Bank’s lending arm, it looked for ways to save energy, from swapping lightbulbs to installing new washing machines.
SHANGHAI, China – Online retail sales in China surpassed $1 trillion last year and though e-commerce giants like Alibaba and JD.com continue to grow, the past 12 months has seen both companies turn their attention to the underserved online luxury market for an added boost.
Carrie Bradshaw famously once said, “I like my money where I can see it – hanging in my closet.” She was clearly a woman of her word, with one of the most impressive fictional wardrobes in history. But, if we all followed her example, the environment would be in a mortally sorry state.
What needs to be restored to the market is trust and transparency, and blockchain technology seems to be blazing the trail for that
POSITIVE LUXURY IN THE PRESS
Whether or not you have a beach body, you will have every reason to feel good in these super eco-friendly swimsuits By Sophia Lam Upcycling waste materials is nothing new in the fashion industry.
OUR BRANDS IN THE PRESS
Nowadays, shopping for wedding jewellery comes with its share of surprises (all good) and amazement. Confused? Jewellery pieces are versatile, contemporary, modern and timeless at the same time. Frederica Imperiali, Head of New Product Development, Forevermark, tells you about the hottest jewellery trends this year and why jewellery from Forevermark is forever.
This article first appeared in our summer ’18 issue of MyGreenPod Magazine, The Natural Revolution, distributed with the Guardian on 03 Aug 2018.
We could think of a million different ways to celebrate the hottest few months of the year (kicking back on a beach at St. Barts with a Mai Tai in hand being one of them) but IWC has managed to outdo our summer plans with their interpretation.
Fact: Amal Clooney’s date night style is nothing short of exceptional. The human rights lawyer seems to effortlessly juggle her impressive job, being a new mother and wife to George Clooney, all while looking absolutely impeccable. Just last week Amal and George enjoyed a double dinner date in Lake Como with fellow power couple Stella McCartney and Alasdhair Willis.