The British Fashion Council has released the names of nine finalists for the recently-launched BFC Changemakers Prize. Three winners, to be chosen in September, will receive a £7,500 cash prize and mentoring package.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
The fledging UK fashion rental market has been given a black mark. Instead of being held up as a positive environmental answer to the world’s throwaway society, it appears fashion rental isn’t at all sustainable.
The British Fashion Council’s inaugural (and virtual) Institute of Positive fashion Forum late last week made a plea for sustainable and inclusive behaviour from the industry to satisfy consumer demands for change.
The fashion sector's trend-setting status can help influence change in other industries, but fashion companies also need to ensure that eco and ethical thinking are front of mind for their own commercial health.