1. H&M is one of fashion’s biggest polluters. Now its foundation is on a $100 million quest to save the planet. Can the brand that pioneered fast fashion undo the environmental devastation its business model has caused? “When you actually look at the numbers, the answer is a resounding ‘no.’” – Read More on Fast Co.
2. Only the Best Luxury Brands Can Hike Prices: “Most years, luxury brands use price increases to offset inflation in input and labor costs as well as currency moves. But 2020 has been exceptional. “Recent price increases have been pretty aggressive.” – Read More on the WSJ
3. RELATED READ: What Do Luxury Brands’ Inflating Prices Mean for Them & for the Industry at Large? In terms of the potential for price increases going forward, brands like Hermès, Dior and even Cartier lead the pack in terms of “unrealized pricing upside,” which Bernstein measures by combining high consumer demand, vibrant organic growth, and limited price increases in the recent past. On the other hand, Bulgari, Prada and Longines show limited potential. – Read More on TFL
4. Female-backed SPAC, Powered Brands, aims to create new beauty conglomerate after public listing: By reimagining what a global beauty conglomerate can be, it will compete with some of the biggest, including Estee Lauder, L’Oreal, Shiseido and Coty. – Read More on CNBC
5. ESG Impact Is Hard to Measure — But It’s Not Impossible: To grasp underlying processes, companies should focus on deeply understanding a handful of issues most germane to their core activities. Through this, they stand a greater chance of deeply understanding the causal threads that enable improved impact, and ultimately directing sufficient resources to act on these. Nike is a good example. – Read More on HBR
6. RELATED READ: As Fashion Embraces ESG, There Are Some Critical Legal Issues at Play. “The anti-fraud provisions of the federal securities laws apply not only to SEC filings, but also extend to less formal communications, such as citizenship reports, press releases and websites.” All the while, potential liability could arise from other statutes and regulations, such as federal and state consumer protection laws. – Read More on TFL