On July 14, Loro Piana, the high-end cashmere brand, was placed under court-appointed administration for one year by a Milan court due to allegations of labor exploitation within its supply chain.
Sustainability
OTB Group, the global fashion and luxury conglomerate behind brands such as Diesel, Maison Margiela, Jil Sander, and Marni, has released its 2024 Sustainability Report.
L’Oréal Groupe, the world’s largest beauty company, has officially launched the first call for applications for its new global initiative, the Sustainable Innovation Accelerator.
On July 3, Christian Dior Couture and UNESCO held the 5th edition of their joint initiative, the Women@Dior & UNESCO Global Conference, at UNESCO Headquarters in Paris.
In April 2024, French luxury group Kering announced a new “Water-Positive Strategy” as a key step in its commitment to water conservation.
A bio-based material designed to replace microplastics has taken a major step forward, backed by European funding.
L’Oréal, one of the world’s largest beauty companies, has launched a new accelerator program to further drive innovation in the field of sustainability.
France is moving toward stricter regulations on ultra-fast fashion—a business model centered on low-cost, mass-produced clothing.
On June 9, French luxury maison Chanel announced the launch of “NEVOLD,” a new independent organization dedicated to promoting circularity within the fashion and luxury sectors.
On May 19, luxury brand Loro Piana announced the launch of a new five-year program titled “Resilient Threads”, aimed at supporting the grassland ecosystems and nomadic communities of Mongolia.