Luxury has an eco-friendly problem when it comes to the burning and destruction of unsold golds. Rather than make it part of the circular economy or send it to an outlet store, they often burn unsold inventory. Burberry found themselves in hot water over this a few years ago, and has since changed their […]

Forty-five tech giants committed Wednesday to doubling the number of women on their management boards to 30 percent by 2022, the French presidency said. Alibaba, BNP Paribas, Booking.com, IBM, L'Oreal and Uber were some of the high-profile companies to sign a pledge at the second "Tech for good" summit […]

New York – New data from Juniper Research found the global number of successful retail chatbot interactions will reach 22 billion by 2023, up from an estimated 2.6 billion in 2019. Retail sales resulting from chatbot-based interactions will reach 112 billion dollars by 2023. According to Juniper’s new […]

Chinese e-commerce leader Alibaba on Wednesday announced revenue for the latest quarter that beat analyst estimates, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line. Revenue for the January-March period rose 51 percent year on year to […]

Seattle-based gender-neutral, size-inclusive underwear brand TomboyX has received 18 million US dollars in a series B funding round led by consumer venture capital fund The Craftory, which now becomes TomboyX’s majority stakeholder. Founded in 2012 by Fran Dunaway and Naomi Gonzalez, TomboyX already […]

Google has announced three new ad types to be displayed across its mobile apps, including the eponymous search engine, the news app Discover, YouTube and Gmail. The new ad formats will be available globally for all advertisers later this year. The first new ad type is called Discovery and aims to introduce […]

Five organizations have published a joint manifesto calling on EU policymakers to establish tools for a circular fashion system, namely Euratex (European Apparel and Textile Confederation), Federation of the European Sporting Goods Industry (FESI), Global Fashion Agenda (GFA), International Apparel […]

The fashion industry is under enormous pressure to take steps to stem the environmental damage caused by it. Tonnes of used and discarded clothes, shoes and accessories end up in landfills, however, with innovative and creative methods, about 95 percent of this waste could be salvaged, recycled and […]

Global sustainability initiative Fashion for Good, in collaboration with global professional service provider Accenture Strategy, has launched a new report today that for the first time explores the financial viability of circular business models in the fashion industry. “The Future of Circular Fashion: […]

French luxury conglomerate LVMH has announced a partnership with Unesco’s “Man and Biosphere” (MAB) intergovernmental scientific program, which aims to preserve biodiversity around the world by supporting innovative approaches towards economic development. The program operates works closely with 686 […]

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