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1. Net-zero in fashion, but clothing giants struggle to cut emissions: Clothing brands and manufacturers discussed global warming — but some admitted that their pledge to halve emissions by 2030 and reach net-zero by mid-century may be a stretch. – Read More on Yahoo

2. Europe’s Luxury-Goods Sale Might Last a While: Luxury brands could raise prices in Europe to rebalance things, but they need to tread carefully. Three years ago, they probably wouldn’t have hesitated, but the pandemic has changed their business. – Read More on the WSJ

3. thredUP Hits Headwinds as Apparel Oversupply Dresses Down Resale: The confluence of record industrywide apparel overstocks and a hyper-promotional environment strained the resale marketplace, as did high returns and a slowing in its core resale as a service (RaaS) offering. – Read More on PYMNTS

4. Bain will buy Japanese apparel maker Mash Holdings for $1.44 bln: The Tokyo-based company will use Bain’s expertise to expand in overseas markets and is aiming on going public in the next three to five years, the spokesperson said. – Read More on Reuters

5. Wealthy are drinking us dry, says luxury goods firm LVMH: The company behind Moët & Chandon, Veuve Clicquot, Krug and Dom Pérignon has said it is “running out of stock on our best champagnes” as the wealthy spend big on luxury goods in a new “roaring 20s” age of decadence. – Read More on the Guardian