A Better Approach to ‘Buy Now, Pay Later’

Two Big Sustainable Fashion Investments, The Debrief With Lauren Sherman

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, JUNE 9, 2022 Instalment payment plans could use a rethink as more shoppers fall behind on their payments, experts say. A new $250 million fund aims to use donations from the likes of H&M and Lululemon to help decarbonise the fashion industry. Kering aims to double annual sales at Saint Laurent to 5 billion euros ($5.36 billion) in the medium term. Rimowa is reviving its "Pilot" suitcase as part of a renewed focus on engineering and functionality. Recover, which supplies recycled cotton fibre to Inditex, Revolve and others, raised $100 million at a $1 billion valuation. Plus, on this week's episode of The Debrief, BoF chief sustainability correspondent Sarah Kent explains why next-gen leather alternatives like mycelium are more important than ever to fashion.

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RETAIL A Better Approach to 'Buy Now, Pay Later' By Maura Brannigan

Concerns are growing that the boom in short-term financing that has fuelled apparel sales is saddling a growing number of vulnerable shoppers with debt they can't pay. But the concept can still benefit brands, lenders and consumers, with a few key changes. READ MORE

SUSTAINABILITY H&M and Lululemon Back New $250 Million Fund to Tackle Fashion's Climate Impact By Sarah Kent

The brands are among the lead donors to a new fund, which is designed to de-risk and scale high-impact projects so they can attract up to $2 billion in more conventional financing. READ MORE

SUSTAINABILITY Recycled Cotton Company Recover Valued at $1 Billion In Goldman Sachs-Led Funding Round By Sheena Butler-Young The Spanish materials supplier, whose clients include companies like Zara-owner Inditex and Revolve, raised $100 million as it targets growth amid mounting demand for recycled fibres. READ MORE

Rimowa Revives Its 'Pilot' Style Suitcase READ MORE

BoF LIVE: A New Model for Building Independent Fashion Brands READ MORE

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NEWS BRIEFS Kering Aims to Double Saint Laurent Sales in Medium Term Resale and Rental Companies Band Together to Lobby for Circular Fashion Policies Zara Owner Inditex's Quarterly Profit Jumps 80% On Post-Covid Wardrobe Renewal Amazon Launches 'Luxury Stores' Platform in Europe

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PODCAST The Debrief: Is This the Beginning of the End for Leather? By BoF Team

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