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Fashion Isn’t Investing Enough in Sustainability

Allbirds Preparing for IPO, Russia's Richest Woman Made Fortune in Fashion

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, APRIL 8, 2021 Brands talk a lot about sustainability but not how they'll pay for it, according to The BoF Sustainability Index. Footwear label Allbirds is taking steps towards an IPO, which will make it one of the first DTC brands to do so. How Russia's richest woman made her fortune in fashion and more in a new weekly BoF Professional briefing on global markets. Giorgio Armani may consider a joint venture with another Italian company, the founder told US magazine Vogue.

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SUSTAINABILITY Sustainability Comes At a Cost. Fashion Isn't Paying. By Sarah Kent Billions of dollars of investment are needed if the industry is to operate more sustainably. But there is little evidence brands are prepared to pay for it, according to new analysis from The BoF Sustainability Index. READ MORE

RETAIL Allbirds Takes Steps Toward IPO By Chavie Lieber

The footwear start-up, which has a $1.7 billion valuation, is hiring an employee to prep financial documents and filings required at public companies. READ MORE

GLOBAL MARKETS How Russia's Richest Woman Made Her Fortune in Fashion By Robb Young

In this week's Worldview, get to know the Moscow e-commerce mogul worth $12.7 billion, the Thai giant snapping up European retailers and Israel's heady metropolis. READ MORE

Twitter Held Discussions for $4 Billion Takeover of Clubhouse READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just £1 START TRIAL

NEWS BRIEFS Teens Look to Revenge Shopping and Cryptocurrency in Piper Sandler's Latest Survey Report: Giorgio Armani Could Consider Joint Venture Partner Pinterest Announces Creator Fund Poet Laureate Amanda Gorman Appears on Cover of American Vogue The Global Fashion Agenda Appoints CEO Saks Fifth Avenue Moves to Halt Sales of Fur Products Target To Invest Over $2 Billion in Black-Owned Businesses by 2025 Tory Burch to Launch in India Moody's Warns Sustainability Now a Credit Risk for Fashion Korea's Department Store Sales See Highest Growth in 25 Years

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VIDEO The Right Way to Do Plus-Size By BoF Team

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Access the Underlying Data That Powers The BoF Sustainability Index On March 22, 2021, we unveiled The BoF Sustainability Index, our inaugural report tracking the fashion industry's progress towards urgent environmental and social transformation. The Index is built on analysis of over 5,000 data points gathered across 15 of the largest fashion companies: LVMH, Kering, Richemont, Hermès, PVH Corp, Adidas, Fast Retailing, Nike, VF Corp, Under Armour, Levi Strauss & Co, Gap Inc, Inditex, H&M Group and Puma. To access the underlying data that powers the Index, please submit your request here. ACCESS DATA

The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. CONNECT WITH US ON CONTACT US ETHICS POLICY SPONSORSHIP & ADVERTISING JOB OPPORTUNITIES This email was sent to edwardlorilla1986.paxforex@blogger.com Update your preferences or unsubscribe from this list. All services provided are subject to our Privacy Policy. The Business of Fashion Ltd 2, Television Centre, 101 Wood Lane, London W12 7FR, United Kingdom businessoffashion.com