The booming fashion industry is medieval in its approach to manufacturing and needs to modernise in order to radically cut the damage it is doing to the environment, British designer Stella McCartney has said.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
The initiative is the latest attempt by the industry to clean up its image and expunge the scourge of "blood diamonds" blamed for financing conflict in poor African countries, such as Sierra Leone and Liberia.
Online retailers need to step up and take more responsibility for establishing the provenance of products they sell to ensure real fur labelled as faux isn’t slipping through, a UK committee of MPs has said.
Cheap, Chinese-made nylon burkas are flooding Afghanistan's north as consumers turn to affordable, mass-produced fabrics. But in Kabul a small, determined fashion house is fighting to preserve traditional textiles.