DIRS.INFO The most relevant business & tech news

☆ Toolbelts, cardboard bags and ‘crogs:’ Fendi makes a case for carpenter-core
▼ + stars: | 2023-06-16 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +4 min

Step forward the “corporate artisan”, star of the Italian fashion house’s SS24 show on Thursday night and proposed pin-up for next season. Part technical-whizz, part traditional tool-master, the handle speaks to the modern-day creative, said Artistic Director Silvia Venturini Fendi in a pre-show preview with CNN. FendiFor the accessories, Venturini Fendi collaborated with the Japanese architect Kengo Kuma - who she regards to be “the best to combine nature and technology” - to reinvent signature Fendi bags including the Peekaboo in traditional Japanese washi paper. The clog silhouette is going nowhere, as Fendi becomes the latest high fashion brand to reimagine the comfy slip-on shoe. Pietro D'Aprano/Getty ImagesThe set, said Venturini Fendi, was masterminded so to be transparent about the teamwork involved in creating a fashion collection.

Persons: Silvia Venturini Fendi, Fendi, ”, Kengo Kuma, JW Anderson, Pietro D'Aprano, Venturini Fendi, “ It’s, ” Alexander Skarsgard, Daniele Venturelli, Adele, Karl Lagerfeld, “ Organizations: CNN, JW Locations: Capannuccia, Florence, Italy, Rome

☆ The recycling idea at Levi's, Adidas, Zara to stop trillions in fast fashion from going to waste
▼ + stars: | 2023-06-11 | by ( Carolyn Chun | ) www.cnbc.com time to read: +8 min

The multi-trillion dollar fashion industry contributes significant greenhouse gas emissions, between 8% to 10% of total global emissions, according to the United Nations. With the majority of textiles in the fashion industry blended, it is harder to recycle one fiber without harming another. Spinnova partnered with the world's largest pulp and paper company this year, Suzano, to turn wood and waste into recycled textile fiber. Textile waste, by some measures, is a bigger issue than plastics waste, and it has a similar problem. Late last year it worked on a limited collection with fast fashion clothing giant — and consumer consumption flashpoint — Zara, using its recycled textile waste material.

Persons: LEVI, Alexander Donka, Paul Dillinger, Levi Strauss, Spinnova, Chloe Songer, Songer, Victor J, Levi's Levi Strauss, Dillinger, You've, we're, —, Stacy Flynn, Flynn, Levi's, Stella McCartney, — Zara Organizations: McKinsey, United Nations, McKinsey Sustainability, Co, Shoppers, Blue, Bloomberg, Getty, Adidas, CNBC Locations: Sweden, Africa, Zara, New York

☆ Gen Z likes shopping in stores just as much as they do online, survey finds
▼ + stars: | 2023-06-09 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Gen Z are a tech-savvy generation but they like shopping in physical stores just as much as online. A new survey found that Gen Z like being able to see, touch and try a product before buying it. A new report by the International Council of Shopping Centers surveyed 1,008 people aged 16 to 26 about their shopping habits and preferences. It found that although 95% of Gen Z like shopping online, just as many (97%) also enjoy going to the mall. Gen Z are voracious shoppers with social media encouraging young people to buy new clothes regularly.

Persons: —, Gen, Gen Z, it's Organizations: Service, International Council of Shopping Centers, Maxx, Walmart, Marshalls, Target, Social, Sheffield Hallam University Locations: Zara, England

☆ A Trans Model’s Path to Success and More: The Week in Reporter Reads
▼ + stars: | 2023-06-02 | by ( ) www.nytimes.com time to read: +1 min

In the late 1990s, beginning at age 15, Geena Rocero was a beauty queen working the transgender pageant circuit in the Philippines, where shows are broadcast on national television. Her victories earned her both money and fame. She said her signature wig style — a side bang and a flipped end — became a trend unto itself among fellow beauty contestants. In the Philippines, Ms. Rocero lived openly as a transgender woman with the support of both her relatives and chosen family, but she could not legally change her sex. ◆ ◆ ◆Written by Brett Anderson and Julia Moskin | Narrated by Brett Anderson

Persons: Geena Rocero, Cain, Rocero, ◆, Brett Anderson, Julia Moskin Organizations: Modeling Locations: Philippines, San Francisco, New York, United States

☆ Fast fashion has spawned a mountain of leftover clothes in the Chilean desert that's so massive it can now be seen clearly from space
▼ + stars: | 2023-05-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A gigantic heap of unused clothes in Chile is so big that a satellite can easily spot it. High resolution images of the clothing dump was posted on May 10 by satellite photo app SkyFi. Much of the landfill contains clothes that couldn't sell in stores in the US, Europe, and Asia. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. At least 39,000 tons of those clothes accumulate in landfills in the Atacama Desert, the outlet found in 2021.

☆ Angelina Jolie unveils new sustainability-focused fashion venture
▼ + stars: | 2023-05-18 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Hollywood star Angelina Jolie has become the latest celebrity to announce their own fashion brand with the launch of Atelier Jolie. The Oscar-winning actor announced the new fashion venture in a post on Instagram on Wednesday. “I’m starting something new today — a collective where everyone can create,” wrote Jolie. “Atelier Jolie is a place for creative people to collaborate with a skilled and diverse family of expert tailors, pattern makers and artisans from around the world,” she added. From Angelina JolieThe brand also has its own Instagram account, and one post provides further explanation of its purpose.

☆ Gen Z Fast Fashion, Live Shopping, Clothes Addiction Destroying Planet
▼ + stars: | 2023-05-17 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

The Gen Z paradoxGen Z's economic power is growing faster than other generations, according to Bank of America. In the US, fashion is the preferred category for entertainment spending among Gen Z, outranking dining out, video games, and music. A 2021 McKinsey survey found that 42% of American Gen Zers said they didn't even know what makes clothes sustainable. In addition to pushing people to buy more clothes, the buy-now, think-later model of live shopping also encourages people to buy clothes that are worse for the planet. To solve that problem, she founded Viviene New York in 2022, a Gen Z-led marketing agency that helps sustainable brands connect with Gen Z audiences through social media.

☆ Starbucks, Estée Lauder, Qualcomm: Global companies warn of slower-than-expected recovery in China
▼ + stars: | 2023-05-11 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Starbucks (SBUX) and Qualcomm (QCOM) have also flagged uncertainties related to the country, which is a top market for both. Beijing abandoned its zero-Covid policy in December and scrapped longstanding quarantine requirements for international arrivals in January, ending restrictions that had isolated its economy. The welcomed, if abrupt, policy U-turn led to hopes that China could help propel global growth as it had before the pandemic. The idea was that as soon as the zero-Covid policy would be over, the Chinese households and consumers would just go berserk. Starbucks warned last Tuesday that sales growth in China was starting to cool — and likely would continue that trajectory over the next six months.

☆ Evrnu: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

The clothing industry uses massive amounts of resources and creates a mountain of waste every year. The fashion industry creates an estimated 92 million metric tons of waste every year, with the vast majority of clothing waste incinerated or ending up in landfills. Startup Evrnu says its technologies can get us closer to making the circular economy a reality. Evrnu co-founder Stacy Flynn was moved to do something when she saw the waste firsthand on manufacturing sourcing trips to China. So I wanted to spend the rest of my career finding solutions that were able to turn this issue around."

☆ Fashion’s Latest Comeback? Actually Wearable Clothes
▼ + stars: | 2023-05-06 | by ( Katharine K. Zarrella | Photographs F. Martin Ramin The Wall Street Journal | ) www.wsj.com time to read: +1 min

Is that…leather?” Some version of this befuddled inner monologue ran through many editors’ heads as Kate Moss sauntered down Bottega Veneta’s spring 2023 runway in Milan. From a distance, they were unmistakably denim and flannel, respectively. Creative director Matthieu Blazy ’s sartorial trickery gave front-rowers a wow moment but was perhaps too subtle to dazzle those streaming the show on Instagram. That outfit (see the shirt above, and Kendall Jenner wearing a version of the look below) embodies an aesthetic shift that’s sweeping the fashion industry. Instead of buying trendy frippery to flaunt in social-media posts, stylish sorts are craving wearable clothes with subtle details like hand-stitched hems, carefully sculpted silhouettes or luxe textures—details that they, and anyone within a 5-foot radius, can appreciate in the moment.

Reuters GraphicsMany U.S. importers are still sanguine, but their supply chains could still be disrupted as Vietnam's apparel makers depend on China for about half of their input materials, according to the country's industry association. XINJIANG LINKSWhile the halted shipments represent a tiny portion of the $27 billion worth of garments and footwear Vietnam exported to the U.S. last year, compliance risks may lead to more painful adjustments for Vietnam. That, in turn, will hit U.S. consumers as Vietnam is their main source of cotton apparel, according to the U.S. Department of Commerce. However Nike has significantly reduced its output of apparel and footwear in Vietnam despite the country remaining its main manufacturing hub, according to its latest annual report updated to May 2022. Two officials from U.S. footwear and apparel industry trade associations said the new rules have had no major impact so far on Vietnam and blamed recent job cuts on lower global demand.

☆ 6 Podcasts for the Fashion-Conscious, and Curious
▼ + stars: | 2023-04-26 | by ( Emma Dibdin | ) www.nytimes.com time to read: +4 min

Last year, the show debuted its first mini-series, “American Ivy,” on the perennial popularity of the preppy look. Starter episode: “Pockets”Begun in 2014, this weekly fashion podcast offers a rare blend of down-to-earth comedy and sartorial commentary. Starter episode: “Fashion Inferno”The Business of Fashion, which started life as a Typepad blog in 2007, has grown into a resource for news and analysis within the fashion industry. Its accompanying podcast has found similar success, with Imran Amed, its chief executive and founder, delivering coverage geared toward fashion creatives and executives. In May 2021 came the brand’s first podcast, offering trend analysis, runway coverage and interviews with designers, stylists and celebrities.

☆ Retailers to tackle sustainability at key conference
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +3 min

They will discuss the challenges facing their businesses as inflation causes consumers in Europe and elsewhere to reduce spending. The European Commission is drawing up new rules on textile waste that will make companies responsible for managing the waste their products create. Decathlon, the world's biggest sporting goods retailer, sells repair services, spare parts and tools for people to repair their own bicycles, tents, and kayaks. Retailers are working with local authorities ahead of an EU law that will require member states to separately collect textile waste by Jan. 1, 2025. Firms including Decathlon, Mango, Inditex, and IKEA recently created an association in Spain for the management of textile waste.

Hong Kong/New York CNN —Temu and Shein are taking off in the United States, topping app stores and creating a frenzy with consumers. Shein was started in China, while Temu was launched by a Chinese company that now bills itself as a multinational firm. Both firms have enjoyed major success in the United States, noted Nicholas Kaufman, a policy analyst for the US-China Economic and Security Review Commission. Topping the chartsTemu and Shein have taken the world’s largest retail market — the United States — by storm. It has quickly become the most downloaded app in the United States, and continues to expand its user base.

☆ Lululemon’s Climate Goals Hinge on Replacing Oil With Plants
▼ + stars: | 2023-04-20 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Lululemon Athletica Inc.’s need for crude oil for its leggings and other stretchy clothes presents a hurdle to meeting its climate ambitions. Its first products out this month are two shirts containing at least 50% nylon made from plant-based sugars instead of oil. A new Lululemon shirt contains at least 50% nylon made from plant-based sugars instead of oil. Lululemon’s push into biomaterials is part of a goal to make all of its products with sustainable materials by the end of the decade. Biomaterials also can help Lululemon more swiftly reduce its climate impact because using recycled materials is challenging, Ms. Speck said.

☆ Gucci Raid Part of Growing E.U. Antitrust Scrutiny of Fashion
▼ + stars: | 2023-04-20 | by ( Elizabeth Paton | ) www.nytimes.com time to read: 1 min

Between staging glossy runway shows and dressing stars for the red carpet, Gucci is a company accustomed to the glare of the spotlight. This week, however, that attention might have felt less comfortable after its Italian offices were raided by European Union antitrust officials. The unannounced inspection was the latest in a series of regulatory actions, as antitrust officials ratchet up scrutiny of the fashion industry over possible anticompetitive practices. In March, the European Commission, the bloc’s executive arm, carried out investigations into several beauty and fragrance companies linked to the supply of fragrance ingredients. Last year, some fashion houses were raided in connection with sustainability targets developed by the industry, including changes in sales periods and discounting strategies that regulators later deemed as potential violations of competition law.

☆ Can Coach Get Shoppers to Buy Bags Made From Waste Scraps?
▼ + stars: | 2023-04-20 | by ( Elizabeth Paton | ) www.nytimes.com time to read: +1 min

During an interview in late March, Stuart Vevers, the creative director of Coach, stood by slivers of mustard-colored leather spread across a table at the Coach headquarters in New York City. They were byproducts from the production line for the company’s luxury handbags. “Waste scraps like this would normally end up on a factory floor before being burned or in a landfill in huge volumes,” Mr. Vevers said via video. This week, the company introduced Coachtopia, a line that offers nearly 100 products including bags, accessories, ready-to-wear fashion and footwear made primarily with waste leather sourced from India and Vietnam or partly recycled materials like cotton, resin or polyester. Prices range from $75 for a T-shirt to $495 for the most expensive handbag.

☆ Luxury industry under scrutiny as EU targets Gucci and others
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

PARIS, April 20 (Reuters) - Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a Gucci facility in Milan as part of an investigation spanning several countries. The article prohibits agreements that restrict, prevent or distort competition within the EU and which have an effect on trade between EU member states. Kering (PRTP.PA), the French-listed owner of Gucci, late on Wednesday confirmed a Reuters report on the inspection, adding that it was cooperating fully with the European Commission investigation into the industry. Companies found guilty of breaking EU rules face fines of as much as 10% of their global turnover. The Commission said on Tuesday that the latest action was not related to other raids involving the fashion industry in the past two years.

PARIS, April 20 (Reuters) - Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators inspected Gucci's Milan headquarters this week as part of an investigation spanning several countries and companies. Reuters reported on Wednesday that as part of the probe EU antitrust regulators were inspecting a facility of luxury goods company Gucci in Milan, one of the fashion capitals of the world. The inspection of the Gucci site was aimed at possible violations of the European Union's Article 101, according to a source with direct knowledge of the matter. The article prohibits agreements that restrict, prevent or distort competition within the EU and which have an effect on trade between EU member states. Kering (PRTP.PA), the French-listed owner of Gucci, late on Wednesday confirmed the inspection, adding that it was cooperating fully with the European Commission investigation into the industry.

Gucci is part of French luxury goods group Kering (PRTP.PA). The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in several EU countries. The Commission, which acts as the competition enforcer in the 27-country EU, did not name the companies or the countries, in line with its policy. The European Commission declined to comment on Wednesday. Companies found guilty of breaching EU rules face fines of as much as 10% of their global turnover.

MILAN/BRUSSELS, April 19 (Reuters) - EU antitrust regulators and Italian tax police inspected a facility of luxury goods company Gucci as part of a European Union investigation spanning several countries and companies, two sources with knowledge of the matter said on Wednesday. Gucci is part of French luxury goods group Kering (PRTP.PA). The second source said other fashion companies outside the Kering group had been targeted by similar inspections. The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in several EU countries. The European Commission declined to comment on Wednesday.

☆ A $20 viral handbag that's an affordable take on the 'quiet luxury' trend was just named the hottest fashion item of 2023 so far
▼ + stars: | 2023-04-19 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

A $20 Uniqlo bag that went viral on TikTok has been named the hottest product of the year so far. There are more than 87 million views of the "Uniqlo bag" on TikTok. This bag is an affordable take on the "quiet luxury" trend that is dominating fashion. There are more than 87 million views of the "Uniqlo bag" on TikTok, for example. The bag falls neatly into the quiet luxury — or stealth-luxe trend — that has become a major talking point in the fashion industry in recent months.

☆ Uniqlo is looking 'well beyond Asia' in terms of long-term growth, says investment group
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniqlo is looking 'well beyond Asia' in terms of long-term growth, says investment groupOliver Matthew of CLSA says the company has a "very competitive business model to do that in the fashion industry."

☆ Mary Quant, designer who epitomized Swinging 60s, dies at 93
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: +6 min

Mary Quant, the visionary fashion designer whose colorful, sexy miniskirts epitomized Swinging London in the 1960s has died at 93. Mary Quant, the visionary fashion designer whose colorful, sexy miniskirts epitomized Swinging London in the 1960s and influenced youth culture around the world, has died. "She was the right person with the right sensibility in the right place at the right time. Quant was also credited with introducing hot pants and micro-minis to the fashion scene in the late 1960s. Quant stepped down from the day-to-day management of her firm, Mary Quant Ltd., in 2000 after it was purchased by a Japanese company, but kept working as a consultant.

Search resuls for: "Fashion Industry"

25 mentions found