Thyssenkrupp, Germany’s largest steelmaker, has announced a €1 billion writedown of its steel division, warning of a structural decline in demand from European industries along with the cost of decarbonization said in a report by Financial Times. The latest write-down of Thyssenkrupp’s steel business comes down with hopes that Czech billionaire Daniel Kretinsky, who currently […]
With its first London store set to open next month, Jacquemus has confirmed its plans to secure a minority investor to support retail expansion and entry into beauty.Founded in 2009, Jacquemus has swiftly ascended to prominence, celebrated for its distinctive designs that merge simplicity with sophistication. In 2023, it reported sales exceeding €270 million, with […]
FOUR PAWS urges policymakers to ban fur farms in Europe after successful European Citizens’ Initiative (ECI). As winter is approaching, the demand for warmer clothes are returning and so is the demand for the production of fur. Eventhough the fur fashion is declining, there are still fur farms active in EU and other countries. These […]
HUGO BOSS [1], the German luxury brand, has committed to strengthening its efforts towards a sustainable future by investing in Zürich-based venture capital platform Collateral Good. Together, they are launching a €100 million ($108 million) fund aimed at accelerating the sustainable transformation of the textile and fashion industry globally. The luxury fashion house will contribute about […]
Renowned fashion designer Stella McCartney unveiled her sustainable ‘Future of Fashion’ line in COP26, featuring innovative lab-grown leather made from mycelium, the root-like structures of fungi. Mycelium is grown in a lab using air, water, and mulch, mimicking a natural process on the forest floor. This pioneering material, known as Mylo™, is a verified vegan […]
GreenIron announced the signing of a Memorandum of Understanding (MOU) with Tellus, an Australian company specializing in advanced end-to-end solutions for managing hazardous materials. The partnership marks GreenIron’s first formal recycling agreement and represents a significant step forward in the company’s journey towards a sustainable and circular economy. Through this collaboration, GreenIron will employ its […]
