Daily LInks
1. Renting clothing is worse for the planet than just throwing it away, study shows: According to a new study published in the journal Environmental Research Letters, renting clothes has a very high climate impact – even higher than just throwing them away. And recycling also had a high climate impact, because industrial recycling processes generate a lot of emissions. – Read More on Fast Co.
2. Luxury is learning to deal with the contradictions of sustainability: At first sight, luxury is very well positioned to move freely in the sustainability space with its highest-quality materials and a culture of transmission across generations. Yet, given the chance, it will grow at all costs, feed in people the desire for new needs, and spread the word “exclusivity” like wildfire across the globe. – Read More on Forbes
3. H&M Pays Price of Upsetting Beijing as China Sales Drop: The Swedish fashion company said sales in China fell 28% in the three months ending May 31, to about $189 million from $263 million from 2020. The shortfall represents only a dent in the $5.4 billion in world-wide sales the company reported for the period, but it was a significant hit for what has been a fast-growing market. – Read More on the WSJ
4. France investigates fashion retailers for concealing crimes against humanity in Xinjiang: French prosecutors have opened an investigation into Uniqlo France, a unit of Japan’s Fast Retailing, Zara owner Inditex, France’s SMCP, and Skechers, as the companies are suspected of concealing crimes against humanity in China’s Xinjiang region. – Read More on Reuters
5. RELATED READ: Uniqlo, Inditex, Skechers Among Companies Accused of Benefiting from Chinese Forced Labor in New Complaint. According to a complaint that was filed with the Paris Prosecutor Office on April 12, French legal association Sherpa and others claimed that based on publicly available information, “a large number of brands and distributors in the fashion sector” – specifically, Uniqlo, Inditex, Skechers, and SMCP, which owns the Sandro and Maje labels – maintain ties to suppliers in the region, and as a result, “may be involved in the forced labor imposed on the Uyghur population.” – Read More on TFL
6. Cartier finds great potential for luxury in China: Cartier also said it is witnessing a boom in the offshore duty-free and travel markets in Hainan province. In the next few years, as Hainan aims to develop into a global free trade port, growth prospects will be high in the region, Cartier said. – Read More on China Daily
