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Explore more posts
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Tsui Yuen-Pappas
For those of us working in Sustainability in fashion it can feel lonely. When I worked at Theory 19 years ago, one of my responsibilities was to develop all the trims. I insisted that all metal trims be "nickel free" Nickel is a hard silvery-white metal that may cause irritation to the skin. Exposure can harm the lungs, stomach, and kidneys. Exposure to nickel may lead to cancer. Workers may be harmed from exposure to nickel.This was not popular because nickel finishes are super shiny and appeals to design sensibilities and cheaper. Luckily I had the authority to insist that we only use nickel free products. Eight years ago when I was heading up production at 3.1 Phillip Lim we were faced with the dilemma of a coating on a fabric that would make it waterproof but contained PFAS, versus a coating that would only be water repellent that did not contain PFAS. Again I insisted we should proceed to not use the waterproof coating despite sales would like it to be waterproof. PFAS is a forever chemical that has health effects on immunological, developmental or reproductive, hepatic, hormonal and carcinogenic – basically everything from asthma to testicular cancer. There is now the beginnings of a ban on them. Often there may not be regulations or awareness of the harm many of the materials or substances used in the production of clothing. Sustainability at a fashion company is not a department that drives revenue, your actions are often not popular like turning over rocks in the supply chain. But your work is important and vital. As I reflect on actions I made in the past this week, I am grateful that I insisted and that they had impact for both people and the environment.
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3E
In this Expert Analysis #3E's Cassidy Spencer stitches together the details of the Fashion Environmental Accountability Act, a.k.a. the New York Fashion Act. What does the Met Gala have to do with supply chain best practices for sustainability? Read our blog to find out: #supplychain #nycfashion #NewYorkFashionAct
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Simi Diskin
Hoop hurray! Shall we thank them now, or if this ever gets passed and wriitten rightly into law? Enviornmentally speaking, time is ticking. Urgently, and with every passing hour, more obscenely. It is unbelievable to me that we are knocking the 1.5 degree, and STILL have fashion operating freely? Serious obsenity. Legislation is obscenely negligent in protecting as this entitlement of system is not very speedy. In exception of course to the recent EU passing against greenwashing. This law managed to crawl up the mighty hill of unliklliness and passed unusually quickly. Not so for the whole of the fashion industry, All are accountable today for sustainable shifting. With the scientific news of Earths tipping points tipping… every choice after matters intentiy. We know who, and what is accountably harming. We know. Globally we see. Legislation is past due on acting and protecting. Decades have been lost to government foot dragging. To “the business” of running the industry of economy by “collectively” ignoring the science to keep this “growth” business model flowing. Regardless of the harm we are causing. Now the corals are bleaching. The world is watching. Act urgently and accountably. #Planetfirst is everything. 🌍👁
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Tsui Yuen-Pappas
Good article on Puma outlined by Ken Pucker on how they were able to decouple increased growth from lowering emissions. Impressive data that since 2017, Puma has doubled revenues to $9.3 billion, while cutting carbon emissions by 30%. On a per unit basis, that is a 66% reduction. At my last company, I created a model to show that the consolidation of markets, with a calendar adjustment could reduce emissions by 18% allowing a reduction in carbon emissions and creating a savings from air to sea freight alone. This is one of the highest impact adjustments companies can make to really lower emissions.
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Geraldine Wharry
🌎 Living in a Next-Gen Material World is about envisioning radical futures and solving systemic issues in the Fashion Industry. 🔬 In my latest TOMORROW column (issue #28) for Spur magazine, we focused on the Bio-Industrial Revolution and how forward-thinking leaders are reshaping industries with groundbreaking solutions. ⏩ There's a momentum I’ve witnessed grow in over a decade of covering fashion futures and bio-materials. 💚 A moral imperative drives this bio-industrial revolution, transforming how we produce fashion goods to create a new normal. 🛰️ The future is about reimagining what's possible. 📰 Read the insights here (in English) https://lnkd.in/gf9e_f7W Featuring: Sway GANNI BioFluff Kuori Natural Fiber Weldings Living Ink Modern Synthesis Rubi Laboratories Qorium & More!
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Arpita Katyal
I'm thrilled by the insights from a recent study highlighted by Orbis Research on the #luxury handbag #resalemarket. This comprehensive report projects significant trends and opportunities up to 2031, emphasizing the growing consumer preference for #sustainable and budget-friendly luxury options. My key takeaways were: 💼 Why resale is the future? The shift towards resale services isn't just about economics; it's about an evolving consumer ethos that values sustainability as much as style. With major players like The RealReal, THE OUTNET.COM, and FASHIONPHILE leading the charge, the resale market is not just a niche but a forefront of luxury #retail evolution. This isn't just a trend isolated in one region. The report covers over 12 regions, offering a global view that helps us understand and strategize worldwide. It's clear that to stay relevant, we must acknowledge and adapt to these global shifts. The integration of detailed #marketanalysis, like Porter’s Five Forces, gives us a clearer understanding of our competitive landscape and consumer behavior. It’s essential for us as industry leaders to adapt our strategies to meet these evolving market dynamics proactively. What are your thoughts on the luxury handbags resale market?
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Stray Dog Capital
Stephanie Downs, the founder of UNCAGED Innovations, one of our portfolio companies, has penned a compelling op-ed challenging the conventional view of leather as a 'natural' choice. She introduces innovative alternatives that promise sustainability without sacrificing quality. A must-read for anyone interested in the future of sustainable materials. Dive into her insights and join the conversation on redefining 'natural' in our industries. #SustainableMaterials #Innovation #VentureCapital Read her op-ed here: https://lnkd.in/gUtu4-F6
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Selvane Mohandas du Ménil
Thank you Inside Retail US for quoting International Association of Department Stores - IADS in their latest article on the Saks Fifth Avenue / Neiman Marcus Group mega merger (link in comments)! 🎯 On the global department stores stage, the US represent a very specific market (apart from its size), as most of the nationwide companies are public (maybe not for long anymore, as Nordstrom, for instance, is planning to go private). This means that they have to be transparent on their numbers, which are not-so-good for a wide variety of factors (the missed e-commerce train, the customers' disaffection for the malls where they are located, a low differentiation between each other, an ageing clientele, a wide variety of competing channels and formats, an oversupply of stores on a market with the highest number of retail sqm per capita...). The Saks Fifth Avenue merger with Neiman Marcus Group, orchestrated by Saks' owner, Hudson's Bay Company, is therefore not so surprising as the pie has shrunk over the past twenty years. 💥 It can be expected that this merger will be as much of a game-changer as the latest one that took place in 2005, when Federated (aka Macy's now) acquired May Department Stores for $17.2bn (for comparison, the current NM / SFA merger price tag is $2.65bn), ending a 20 year-long consolidation cycle that saw the disappearance of legendary US destination stores (such as Filene's, Kaufmann's, Marshall Field's, Foley's, the Bon Marché, Hecht's, Stern's...) which were rebranded Macy's or Bloomingdale's according to the locations. 🚚 The new entity created, Saks Global, aims at maximizing the synergies between the companies, since Neiman Marcus and Bergdorf Goodman (part of the Neiman Marcus group) are the undisputed leaders in luxury retail, while Saks Fifth Avenue has separated its stores from its e-commerce entity in 2021. However, while the leadership of the new company has been announced, the plans remain vague, since this merger remains to be approved by the Federal Trade Commission. Pro tip: more than layoffs and store closures, the location of the new offices will be the most interesting thing to watch. The reason is that Neiman Marcus and Saks Fifth Avenue are entirely different animals: the former, specialized in luxury, is one of the last operator in the US to operate in wholesale (which requires savoir-faire, ability to select, curate and sell) while Saks Fifth Avenue is concession-based, which is another job. The place where the bosses will gather will tell everything about the direction of the new entity: Dallas (NM's current headquarters) or NY (SFA)? Not convinced? Look at what happened to Boeing since they decided to leave Seattle for Chicago when they merged with McDonnell Douglas... Thank you Nicole Kirichanskaya for the cool article and what a pleasure to be quoted along the great Marie Driscoll, CFA!
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Cristina Nuñez
Thanks Beauty Independent and Erica La Sala for sharing my thoughts on the Saks Fifth Avenue / Neiman Marcus Group deal and how it might impact the luxury beauty market and the department store channel overall. Some of my key takeaways: ▶ The Saks/Neimans merger is occurring amidst significant department store challenges as growth has shifted to specialty retailers like SEPHORA and Ulta Beauty. ▶ The declining department store channel has historically been key for luxury beauty brands which could face reduced retail options and leverage as a result of the merger. ▶ This further emphasizes the need for luxury beauty brands to pursue direct-to-consumer growth strategies leveraging their high AOV and gross margin profiles to support profitable new customer acquisition growth. ▶ Perhaps the combination of Saks and Neiman Marcus will allow for a more enhanced retail experience overall that is even better suited for luxury beauty in the future - only time will tell. Great insights also shared by Kelly St. John, Tina Henry Bou-Saba, Karen Hayes and other beauty industry colleagues! True Beauty Ventures #beautyinvesting #beauty #VC https://lnkd.in/eswm8YD3
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Fan Bi
Surprised LVMH's post-acquisition growth of Tiffany's hasn't received more play: First, interesting background given there was an initial bid of $16.6B was placed in 2019, COVID happens and world goes haywire, LVMH tries to back out including lobbying the French government, but ultimately is forced to go through the deal at $15.8B in the largest ever luxury acqusition in 2021. What's even more amazing, is the deal was financed completely with debt via a combination of $8.5B bridge loan, $5.75B commercial paper, and $2B of revolving credit. Tiffany brought with it ~$4.5B of sales, and made it LVMH's second largest brand. It also had EBITDA of $789m. They place a LVMH exec as new CEO, who comes from 25 years of luxury experience at Cartier and LVMH brands, as well as placing Bernard Arnault's son Alexandre. LVMH started to invest heavily in the brand including an “About Love” campaign with Beyoncé and Jay-Z, and a multimillion dollar Basquiat painting in their flagship New York store. Additional campaigns included Gal Gadot, Zoe Kravitz and Elaine Zhong. Then there's $350m of capex on their real estate footprint. With all these investments, they leverage the brand to raise prices and AOV grows to $2,000 from less than half-of-that pre-acquisition. Within a year, revenue jumps to $5.5B of sales, and record profits of 19%. Company guidance is sales to reach $8B by 2026. From buying bankrupt Dior in 1984 to LVMH $385B market cap today, Arnault is truly the 🐐 .
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Alfred Miranda
In a step towards further consolidating luxury retail, the involvement of Amazon and Salesforce in this acquisition, coupled with a substantial technology investment, raises the question: could this initiative rescue the luxury retail market? #retail #saksfifthavenue #amazon #salesforce #neimanmarcus #retailtechnology
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Lauren Jones
Innovation in fashion begins with materials. At Elle & Reid Consulting, we're leading the charge in exploring cutting-edge fabrics that redefine the industry. Did you know? The global sustainable fashion market is projected to reach $267 billion by 2026, driven by increasing consumer demand for eco-friendly textiles and ethical sourcing practices. From biodegradable fibers to fabrics engineered for durability and comfort, the choices are limitless. Our team delves into market trends and consumer insights to guide brands toward sustainable growth and innovation. Which fabric innovation excites you the most? Are you passionate about reducing environmental impact or fascinated by the latest in textile technology? Share your thoughts below and join us in shaping the future of fashion sustainably! 🌍✨ #fashiondesign #fashioncareer #mentor #fashionmentor #fashionstrategist #fashionbranding #fashionmarketing #brandconsulting #brandstrategy #startupfashion #fashionentrepreneurs #fashionstartup #fashionentrepreneur
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Jerry Lee
Let's discuss the incredible journey of Jerry Lee and Jinfeng Apparel, from their humble beginnings to becoming a global leader in women's fashion. What are the key strategies that brands need to adopt to achieve such remarkable growth in the highly competitive fashion industry? How can sustainable textile technology and innovative design contribute to building a successful global brand?
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Pamela Bernstein-Gulla
I’m excited to announce that Hill & Co. is launching its first-ever industry report - The Business of Jewelry. This report marks the beginning of a unique series exploring the most significant themes shaping the future of the diamond, gemstone, and jewelry industry. We all know how challenging the market landscape is at the moment: supply chains are consolidating, consumer demands are evolving and technology is transforming how we do business. Generational brands are disappearing from our malls and main streets. With every challenge, there lies a golden opportunity. This is a pivotal moment for you to reflect on the future direction of your business, and we are here to support you in this journey of growth and adaptation. Demand for fine jewelry isn’t changing, but businesses must work harder to capture their customers' attention. That may mean fine-tuning your approach or transforming your business altogether. With our market changing rapidly, we wanted to produce a report that shares our insights and gives a platform to leading business thinkers in our industry and beyond. The first edition is all about the supply chain consolidation we’re witnessing and how you should respond in your business. We normally reserve our frameworks and strategic thinking for some of the fastest-growing businesses in our industry that we’re privileged to call our clients. But today, we’re providing it to you. Download your copy at the link below, I’d love to hear what you think in the comments. Breaking the Chain — Hill & Co. https://bit.ly/3XXmtTa
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Maurice Brown
The industry is at a clear inflection point, but companies still have an opportunity to fully integrate DEI into their operating models. It’s still good business to do so, and it’s still the right thing to do. Well done Sheena Butler-Young. Keep on holding up that mirror to our industry. #corporateaccountability #dotherightthing
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Jillian Beyer
JVBswim is making waves! Our latest feature on The Interline takes you on a journey through JVBswim's commitment to redefining industry standards - integrating traditional practices and innovative methods to produce high-quality, eco-friendly products. Delve into the full article to understand our unwavering commitment to ethical practices and sustainability!
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Fashion for Good
The Good Fashion Fund has released its "Lessons Learned during Phase I" report, shedding light on its experiences as an impact fund promoting sustainable practices in the textile and apparel industry. 📝 From bridging the funding gap for new technologies to navigating sustainability challenges, this report offers valuable insights for stakeholders in textile manufacturing, especially in Bangladesh and India. Some key takeaways from the report: 1️⃣ Importance of technology in driving sustainability 2️⃣ Role of financial actors in supporting manufacturers 3️⃣ Bridging the gap between brand expectations and supplier needs Download or read more about the report here: https://lnkd.in/edXHkbGe #Sustainability #TextileIndustry #ImpactInvestment #GoodFashionFund #sustainablefashion
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Alchemie Technology Ltd
#GoodFashionFund by FOUNT.eu has released its Lessons Learned during Phase 1 report, and here are our fruitful takeaways from the report: 👔 Manufacturers struggle to invest in new technologies without a proper commitment from brands and they often work for multiple companies with different approaches simultaneously. ⚙️The need for strong, sustained international partnerships to support manufacturers' adoption of new technologies. 🌏The imperative for enhanced collaboration and long-term commitment among diverse stakeholders in the textile industry to drive a sustainable transition on a larger scale Signs for technology solutions to achieve sustainability in the textile industry! Learn more and read the full report below. #Sustainability #TextileIndustry #CleanTech #GoodFashionFund #Textiledyeing
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