Business

Investigation: EU's sustainable fashion score is 'finalised' but far from reliable

On paper, an agreement has been reached on the first tool for scoring fashion products on sustainability. The regulation comes from Brussels and is called the Product Environmental Footprint Category Rules (PEFCR), hereafter referred to as 'PEF', for apparel and footwear. However, the method and the way it was developed are a source of...

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Member
Fashion

PwC research: Secondhand is a conscious choice, clothing leads luxury purchases

Secondhand fashion is no longer a niche but a conscious choice, increasingly integrated into the purchasing behaviour of younger generations. 40 percent of Gen Z and 28 percent of Millennials have already purchased second-hand products on Vinted, while 41 percent and 27 percent, respectively, have also sold them. In contrast, 53 percent of Baby...

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BusinessMember

TexCycle in Bulgaria: textile sorting, recycling and upcycling under one roof

How long does it take to sort through 60 tons of post-consumer textiles? We are talking careful, professional sorting - by type of articles, quality, fibres, composition, colours and more. For comparison - an adult giraffe weighs about a ton. Now picture 60 full-grown giraffes on one side of a giant scale and their weight in discarded textiles...

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Business|Opinion Member

Is recovery in sight for the luxury sector? LVMH thinks so

The fashion industry’s mood may be brightening, if only by a few degrees. LVMH, the world’s largest luxury group and the sector’s perennial bellwether, delivered a cautiously optimistic third-quarter report, suggesting that the long-anticipated recovery in global luxury spending may finally be taking shape. After several quarters of challenges,...

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