The booming fashion industry is medieval in its approach to manufacturing and needs to modernise in order to radically cut the damage it is doing to the environment, British designer Stella McCartney has said.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Farfetch has been a major retail disruptor in its relatively short history and now the company is setting out to find the next wave of tech firms with a start-up incubator that’s also being supported by Burberry.
Stella McCartney is continuing her work to promote environmental awareness and has linked with The RealReal luxury consignment firm for a campaign “to bring greater awareness to the circular economy for luxury fashion.”
The initiative is the latest attempt by the industry to clean up its image and expunge the scourge of "blood diamonds" blamed for financing conflict in poor African countries, such as Sierra Leone and Liberia.
Dolce & Gabbana presented its Alta Moda and Alta Sartoria collections at Mexico's Museo Soumaya on Wednesday, paying tribute to the country's culture, influencers, Frida Kahlo and the Virgen de Guadalupe.