LONDON - Burberry has announced plans to become the first luxury brand to issue a sustainability bond to fund social and environmental improvements.The proceeds will be used to finance eligible projects listed under Burberry’s new Sustainability Bond Framework and will focus on three specific areas.The first is green buildings and expenditure relating to properties certified to either LEED platinum or gold or BREAM outstanding or excellent.Source:Eco Textile

Italian luxury label Prada is expanding its retail operations in Japan with a new boutique in Tokyo’s Shibuya district.Image Courtesy: superfuture.comThe location for the store has been carefully selected as Miyashita Park shopping mall where the unique evolution of Prada’s green themed interiors can be witnessed.The store has been designed by OMA studio, founded by Rem Koolhaas, and spans across an area of 300 square metres.Featuring Prada’s full range of ready-to-wear apparels, accessories, ba

Frasers Group, the British sports retailer owned by Mike Ashley, has accused the advisers of Debenhams of blocking it from making a bid for the struggling clothing retailer.Image Courtesy: gloucestershirelive.co.ukTalking about the same, Chris Wootton, CFO, Frasers, reportedly said that the Group was not made a part of the sale process owing to its refusal to sign a non-disclosure agreement (NDA).The NDA would prevent the Frasers Group from talking to the landlords of Debenhams for 18 months.Exp

UK-based clothing, accessory and footwear brand Seasalt Cornwall has launched a new store in Norwich with sustainable concept.Image Courtesy: www.youtube.comThe store has been designed using materials that can be moved, reused and repurposed.The new store aims to reduce the carbon footprint by more than a third compared to the existing shop.The décor of the store has been done using sustainable materials like the fabric is made in Yorkshire from wool that is biodegradable, natural and renewable,

UK’s high-street fashion retailer Primark has revealed that its third quarter sales have surged post the lifting of lockdowns as people sought to revenge shop.Image Courtesy: en.wikipedia.orgDespite the figures still being 12 per cent lower than that of last year for the same period, Primark’s parent company Associated British Foods (ABF) said that the company was on the course to secure a profit of 350 million pounds with total sales expected to exceed 2 billion pounds.Ever since the opening of

German luxury women's designer clothing company Escada SE recently filed for insolvency proceedings at the Munich district court. The proceedings only concern Escada SE and no other companies of the Escada Group. The move will affect the jobs of 180 employees who work at the company’s headquarters in Munich and in eight of its stores in Germany.Pic: EscadaThe label, which suffered declining sales in recent years that was compounded by the COVID-19 pandemic and resulting store closures, is ho

Debenhams, a UK-based clothing retailer, has illegally terminated 69 employees of Bangladesh Liaison Office and did not pay their dues as per the law.The British retailer also closed its operation in Bangladesh without settling the claim of the employees and doing business through a third party.Debenhams Bangladesh Employees Union (DBEU), an organization of the former officers of the British company Debenhams liaison office in Bangladesh, made the claim at a press conference on Saturday in Dhaka

James&Co has become the first bluesign System Partner globally for synthetic leather fabrics and the first brand ever in Australia. Under the partnership, James&Co will work with the suppliers of synthetic leather fabrics to ensure the fabrics contain no hazardous chemicals and the method of manufacture has minimal damaging impact on environment and health.Pic: Bluesign/FacebookThe partnership recognises its actions to end the use of PU in favour of more sustainable synthetic leather fab

Global brand owner, marketing and entertainment company Authentic Brands Group (ABG) and retail enterprise SPARC Group recently announced the acquisition of Brooks Brothers is complete. SPARC, the dedicated operating firm for ABG-owned brands, assumes the role of core licensee for Brooks Brothers. SPARC will manage all Brooks Brothers operations, including retail, wholesale and e-commerce.Pic: Brooks Brothers“We are thrilled to bring this world-class brand into the fold,” said Jamie Salter, foun

HONG KONG - Environmental charity Redress has announced the winners of the 2020 Redress Design Award which is billed as the world’s largest sustainable fashion design competition.Grand final winners of the competition, which was held online this year because of the COVID-19 pandemic, were menswear designer Le Ngoc Ha Thu from Vietnam and womenswear designer Juliana Garcia Bello of Argentina.They beat off competition from hundreds of applicants from 48 countries to win sustainable design collabor