Nippon Steel, who has been working on acquiring the U.S. steel, has been on halt due to the opposition faced. However the Nippon steel executive remains confident that the deal will officially be closed by the end of the year, despite President Joe Biden’s opposition. MSN news reported that if Biden stops the takeover even […]
ArcelorMittal, the world’s second-largest steelmaker, announced on Friday that it is postponing planned green investments, due to uncertainties surrounding European Union regulatory directives. Earlier this year, the company secured €850 million ($885 million) in subsidies from the French government to support its €1.7 billion decarbonization investment program, scheduled to run through 2030 at its Dunkirk […]
Chanel is trailing towards a sustainable future, as it appoints renowned luxury executive Sophie Brocart to lead its new circularity initiative. Chanel confirmed Brocart’s arrival in a statement to WWD [1] but did not elaborate on the scope of her new role.Brocrat [2] is currently the CEO of Jean Patou, since 2018. Her extensive experience […]
Stella McCartney, a renowned British luxury fashion house, unveiled a groundbreaking parka jacket [1] made from biologically recycled polyester at the sustainable innovation exhibit at the COP28 Conference. The exhibition was titled “Stella McCartney’s Sustainable Market: Innovating Tomorrow’s Solutions”. This innovative garment, created in collaboration with Protein Evolution, utilized a revolutionary technology that transforms plastic […]
Kering is a global luxury organization that oversees the growth of a number of well-known fashion, leather goods, and jewelry houses, creating the luxury of the future in an ethical and sustainable manner. Since its launch in 2020, Kering has been an active participant in the Science Based Targets Network (SBTN) Corporate Engagement Program, which […]
