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Ruonan Zheng of the Jing Daily writes: “There is no luxury without China, there is no sustainability without China,” said François Pinault, Chairman and CEO of Kering, at the K Generation Talk & Award Ceremony in Shanghai recently. He was emphasizing how important China is strategically for luxury’s future both in terms of sales and sustainability.
Regina Henkelof Fashion United writes that in its judgment of 10th September 2019, the German district court in Hanover decided that it is not misleading to consumers when handbag manufacturers label vegan products with the terms ‘vegan leather’ or ‘apple leather’. Does that make sense?
The United Nations has presented its ‘Fashion Industry Charter for Climate Action’ to the public at its 2018 Climate Change Conference at Katowice in Poland.
Luxury group Hermès has reported revenue of €4.3 billion for the first three quarters of 2018 (up to September 30), an increase of 10.7% at constant exchange rates compared to the same period of last year.
Companies in the luxury sector must map their supply chains to guard against the risks posed by climate change.
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