Brazil has finalized a 170 billion reais ($29.85bn) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, considered one of the worst environmental disasters. The agreement, signed on Friday, aims to address the extensive damage caused by the collapse of the Fundão tailings dam, which released a massive wave […]
Beijing– Recent reports show that the industry could expect a dip in the demand for steel in China. As one of the largest producers and consumers of steel, officials warn China of mounting risks facing steel exports due to growing trade frictions. Demand dropping faster than supply led to oversupplying, which has weighed down the […]
Zara, the fashion retail subsidiary of the Spanish multinational fashion giant Inditex, marked its first expansion outside Europe through an initiative focused on furthering its circularity in the US. Initially launched across 16 countries, including Italy, the U.K., and France, the platform will now be accessible throughout the US using Zara’s website, app and physical […]
Envalior, a global leader in sustainable high-performance engineering materials, has announced its new Sustainability Ambitions and its commitment to the United Nations Global Compact, the world’s largest corporate sustainability initiative. These efforts are central to the company’s strategy to reduce greenhouse gas emissions and expand its circular portfolio.Envalior’s key sustainability goals include achieving 100% renewable […]
In a move to encourage sustainable fashion, Primark has partnered with the prominent environmental action charity, WRAP (Waste and Resources Action Programme). The three-year collaboration will focus on inventing innovative techniques that help reduce textile waste, a rising concern in the fashion industry. As part of this partnership, Behaviour Change, a subsidiary of WRAP with […]
A 5% drop in quarterly sales may not derail LVMH’s annual revenue, but for a luxury bellwether like this, stagnation in its fashion and accessories division signals broader industry challenges. LVMH, known for its resilience during economic downturns and consistent outperformance, now faces headwinds beyond mere sales numbers.Historically, LVMH has defied industry trends, driving growth […]
