Energy-Saving In Fashion, Valentino Turns Off Lights Early

MILAN, Italy – Italian brand Valentino has decided to switch off the lights in its shops earlier at night to save energy and give a signal of ‘environmental awareness’, following in the footsteps of the French luxury giant LVMH. Starting from last night, lights in around 95 Valentino’s boutiques around the globe are to be … More Energy-Saving In Fashion, Valentino Turns Off Lights Early

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Kering Aims To Double Saint Laurent Sales In Medium Term

PARIS, France – French luxury group Kering aims to double sales at its smaller, fast – growing fashion brand Yves Saint Laurent to billion euros ($5.36 billion) in the medium term, it said in slides after the first day of an investor presentation on Wednesday. Analysts said the target would likely prompt an increase in … More Kering Aims To Double Saint Laurent Sales In Medium Term

Prada’s Heir Designate Vows To Keep Group In Family Hands

PARIS, France – Lorenzo Betelli, the eldest son and heir designate to Prada’s Chief Executive Patrizio Bertelli, vowed to keep the family – controlled luxury fashion group independent when he takes the reins in a few years, he told Reuters. Lorenzo Betelli, a 33 – year old former rally driver, is currently Prada’s marketing chief … More Prada’s Heir Designate Vows To Keep Group In Family Hands

Fashion Firm Rent The Runway Struts Into Wall St With $1.7 Billion Valuation

PARIS, France – Fashion company Rent the Runway was on Wednesday valued at $1.7 billion after its shares opened nearly 10% above their initial public offering price, the latest consumer – facing business to ace its market debut in the United States. The company’s site allows women to rent and shop secondhand clothes and accessories … More Fashion Firm Rent The Runway Struts Into Wall St With $1.7 Billion Valuation

From Italian Glitz To British Rainwear: Versace Boss Joins Burberry

PARIS, France – British fashion house Burberry has named Jonathan Akeroyd as its new chief executive officer from next April, poaching the boss of Milan – based Versace and former Alexander McQueen head to succed Marco Gobbetti. The appointment ends months of uncertainty at the 165 – year – old group, which had been searching … More From Italian Glitz To British Rainwear: Versace Boss Joins Burberry

Fast Fashion Spurs Bleach – Like Pollution Of Africa’s Rivers

Johannesburg – – Global fast fashion brands are helping drive pollution that has dyed African rivers blue or turned their waters as alkaline as bleach, according to a report published on Tuesday. Water Witness International’s (WWI) report featured the polluted rivers in Lesotho in southern Africa and Tanzania to highlight the risks posed as global … More Fast Fashion Spurs Bleach – Like Pollution Of Africa’s Rivers