H&M Q2 sales up 75% in local currencies
Hennes & Mauritz (H&M)’s sales in the second quarter ended May 31 rose by 75 percent in local currencies and by 62 percent on a reported basis to 46,509 million Swedish krona (€4,601m-$5,577m). The company benefited from the strengthening of the krona, but continued to be affected by restriction caused ...
Supply Chain Act adopted by German parliament
The German parliament passed the Supply Chain Act. The law, which aims to force companies to take responsibility for human rights abuses such as forced and child labor, forced evictions, oil pollution and land theft within their supply chains, will come into effect on Jan. 1, 2023. As a first ...
Spinnova and KT Trading develop a fiber made from leather waste
Spinnova, a Finnish manufacturer of textile fibers deriving from wood or waste, and KT Trading, a Swiss firm specialized in the sourcing and trading of materials for the leather industry, have developed a fiber made from leather waste.
Teva works to divert products from landfills with new sandal recycling initiative
U.S. company Teva, founded in 1984 and part of Deckers Brands, has partnered with international recycling company TerraCycle to launch the TevaForever program to give worn-out Teva sandals a new life. The recycling program underscores Teva’s commitment to reducing its environmental impact and keeping waste out of landfills. “The TevaForever ...
Covid-19 accelerates the shift to sustainability in the fashion industry
The Covid-19 pandemic has acted as an economic and social game changer in many respects, causing a strong disruption of previous business models as well as supply chain and production processes.
Covestro uses CO2 to make shoes
The German chemical group Covestro is using CO2, along with recycled and more sustainable materials, to produce elegant, casual and sports shoes with its footwear partners.
Germany plans to protect human rights in global supply chains
On March 3, the German federal government approved a bill that aims to force local companies to respect human rights in their global supply chain. Parliament is expected to pass the draft legislation, commonly referred to as the Supply Chain Act, by the middle of the year.
Boohoo reportedly faces U.S. ban over supplier practices
The British fast-fashion retailer Boohoo has been again forced to defend supplier practices after a report said it faces a potential U.S. import ban due to slave labor allegations.
New Zealand Merino launches 100% regenerative wool platform with Allbirds, Icebreaker, Smartwool
The New Zealand Merino Company (NZM) and global Merino wool apparel and footwear brands Icebreaker, Smartwool and Allbirds will work collectively with 167 sheep growers in New Zealand to create ZQRX, the world’s first regenerative wool platform. “ZQRX is an important and necessary evolution of our ethical wool program, ZQ,” ...
Scarpa introduces Green Manifesto
The Italian producer of outdoor footwear Scarpa has announced the Green Manifesto, comprehensive strategy that summarizes the company’s pledge and initiatives for sustainability.