Fashion

French luxury group LVMH is acquiring a 60% stake in Off-White, the label of designer Virgil Abloh who has been responsible for Louis Vuitton's men's collections since 2018.

Even though some corona restrictions are still in place, luxury label Burberry's sales are back to pre-pandemic levels.

Hugo Boss was able to double its quarterly turnover as shoppers return to stores in droves now that corona measures are easing just about everywhere. The fashion retailer sees its sales climb to almost the level of 2019.

US department store chain Nordstrom is taking a minority stake in four clothing brands owned by British online fashion retailer Asos, in a bid to attract a younger audience.

The corona crisis has left clothing chain WE Fashion with a heavy hangover. The retailer has suffered a severe loss last year.

What is the most sustainable way to handle clothing? A new study lists the five available options, from simply buying and throwing away to second hand sales, and arrives at some surprising conclusions. Is it better to throw away used clothes than renting or leasing them? 

A new report by Changing Markets Foundation states that 59% of sustainability claims made by major fashion companies such as H&M, Asos, and even Patagonia are unsubstantiated or misleading. What's more, the brands show no clear commitment to reducing their reliance on fossil fuel-based synthetic fibres.