fastfashion
The fast fashion industry is booming. Consumers are buying 60 per cent more clothes and wearing them for half as long, according to data cited by the UN Environment Programme. Estimates suggest a truckload of abandoned textiles is dumped in landfill or incinerated every second. The UN also highlights that the fashion industry produces between 2 to 8 per cent of global carbon emissions. If nothing changes, it will take a quarter of the world’s carbon budget by 2050. Alongside this, textiles shed microplastics when they are washed, contributing to the pollution in our oceans. The dyeing process ...
Euronews (English)
Governments should be able to impose levies on lost-cost, high-turnover clothing retailers based on how much their business practices encourage overconsumption and lead to increased waste, environment ministers have agreed. The measures, agreed at an EU Council summit on Monday (17 June), would be part of a review of EU rules on waste prevention and management that specifically targets the textile and food industries by applying the ‘polluter pays’ principle, making extended producer responsibility (EPR) schemes mandatory. This would mean companies paying a proportional contribution to the cos...
Euronews (English)
Austria, Finland, France and the Netherlands have called on their EU peers to back tough measures to clamp down on the wasteful trend for cheap and disposable garments, by enabling governments to levy charges on firms whose marketing strategy promotes ‘fast fashion’ consumerism. They make their case in a discussion paper, seen by Euronews, which has been circulated among national delegates ahead of a summit on 17 June where environment ministers are due to adopt their position on proposals to limit textile and food waste through amendments to the Waste Framework Directive (WFD). “While the qua...
Euronews (English)
The United Colours of Benetton, one of the most well-known and loved brands of the 1980s and 1990s, is facing a revamp. According to Reuters, the company is looking to make some major restructuring changes in the near future, to try and curb losses. The company made a net loss of some €230 million in 2023, a sharp fall from 2022's net loss of €81 million. The figures include impairments, meaning a reduction in the value or amount of a company asset, which are substantial. One of the biggest changes expected to happen is that current Benetton CEO Massimo Renon will step down. The company's shar...
Euronews (English)
Shein shares are set to go public on the London Stock Exchange (LSE), marking the controversial online retailer's initial public offering (IPO) as one of the largest globally this year. However, a recent report revealed that claims of poor working conditions made against the Chinese online retail company are still a reality for many workers in the company's supply chain. I work every day from 8 in the morning to 10.30 at night and take one day off each month. I can’t afford any more days off because it costs too much. And the reports, dating back a number of years, are believed to be one of th...
Euronews (English)
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