Why Fashion Isn’t Making Climate Progress

The 'Charmification' of Beauty; LVMH Buys Db Bags Stake; Lord & Taylor Relaunch

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, DECEMBER 6, 2024 Fashion's climate efforts are more focused on marketing impact than environmental impact, writes Kenneth P. Pucker. Lord & Taylor will relaunch as an off-price luxury e-commerce site. Colourful, jewellery-style beauty "charms" are a hit at brands as diverse as Bubble and Carolina Herrera. LVMH has acquired a minority stake in Norwegian luggage brand Db Bags via its Luxury Ventures unit. Lululemon raised its full-year revenue outlook as international sales exceeded expectations. Plus, read our ninth annual State of Fashion report, produced in partnership with McKinsey & Company.

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PROFESSIONAL Why Fashion Isn't Making Climate Progress and What Needs to Change By Kenneth Pucker

Big brands are focused on buzzy, marketable 'solutions' and face little accountability for failing to deliver on decarbonisation targets, but there are ways to unlock more effective action, writes Kenneth P. Pucker. READ MORE

RETAIL Lord & Taylor Will Relaunch as an Online Off-Price Retailer By Cathaleen Chen

Under anonymous new owners, the iconic department store has a new identity as a discount luxury e-commerce site and a licensed brand name to be distributed in department stores. READ MORE

BEAUTY What's Behind Beauty's Charm Obsession By Daniela Morosini

Beaded, bedazzled and otherwise eye-catching charms have become something of a beauty craze, with brands across the price spectrum rushing to add charms to their offerings. Executed well, they don't have to be a flash-in-the-pan moment. READ MORE

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NEWS BRIEFS LVMH Fund Invests in Norwegian Luggage Brand Db Bags Watches of Switzerland Shares Rise on Signs of Improving Demand FashionValet Founders Charged After Wealth Fund Losses Vietnam Suspends Temu Operations for Missing Deadline to Register

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