Despite the good intentions of both companies and consumers, the luxury industry is struggling to adopt truly sustainable practices, except via the circular economy, as illustrated by the Pambianco Summit debate.
The 2020 European Green Capital wants to become a leading hub for sustainability in the South of Europe. ModaLisboa invited experts to talk about the industry’s progress and challenges in its latest edition.
John Galliano has renewed his contract as creative director of the house of Maison Margiela, in a vote of confidence in the controversial British designer by the brand's owner, Italian billionaire Renzo Rosso.
The denim industry produced $19.7 billion in merchandise in fiscal 2018, a figure which, according to a recent study, is predicted to increase an average of 3.2% over the coming years to reach $25.4 billion by 2025.
Mark Gifford, a former finance chief at House of Fraser, is believed to be in the running to become the new chairman of Debenhams. His appointment could be announced as soon as this week, according to reports.
In order to win over younger consumers, the luxury industry should focus on emotion and transparency, while giving new importance to products and stores, according to a new study from consultancy firm Bain & Company.
Sustainable sourcing has become a strategic priority for the fashion industry, though the path towards it is long and fraught with obstacles, according to a survey by management consultancy firm McKinsey.