Articles by Simone Preuss
Global Fashion Agenda presents industry efforts toward net-positivity in GFA Monitor
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Non-profit Global Fashion Agenda (GFA) has released the 2023 edition of its GFA Monitor at the beginning of the UN Climate Change Conference (COP 28) on Thursday. GFA’s mission it is to accelerate impact to create a net positive fashion industry. The organisation will host a session on 5th December dedicated to the fashion sector at the event to...
Oxfam poll: Australian consumers want fashion brands to pay workers living wage
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According to a recent poll by charity retailer Oxfam Australia, consumers do not trust the claims that Australian fashion brands are making in regards to the treatment of overseas garment workers in their supply chains. This comes as no surprise with the industry recording a staggering two billion dollars in expected profits on one hand and...
H&M partners with DBS Bank to fund decarbonisation efforts
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Apparel group H&M has partnered with one of Southeast Asia's largest banks, DBS Bank, to offer financing solutions to businesses along the supply chain to drive decarbonisation. The duo has established a joint financing programme that has been developed to provide suppliers with access to finance from DBS and technical support from...
TômTex raises seed round to 4.15 million US dollars for shrimp fabric
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New York-based sustainable biomaterial producer TômTex announced yesterday the closing of a successful seed round at 2.25 million US dollars, winning the support of Happiness Capital, who led the round, and key partners US-based venture capital firm SOSV, environmental non-profit Parley for the Oceans and MIH Capital. The company had raised 1.9...
StockX 2023 trend report: 'Sneaker Look' and collaborations dominate
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StockX, the global resale platform for sneakers, streetwear and collectibles, provides insights into the trends of 2023 in its latest "Big Facts" report. For example, retro sneaker models from Adidas, fashion brands such as Hellstar and Crocs inspired by film characters were among the winners of the year. Here is an overview. Sneaker models Nike...
Moving towards a circular economy - insights from the Sankalp Global Summit 2023
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The Sankalp Global Summit, one of the world’s largest inclusive development platforms focused on entrepreneurship and impact investing, took place in Mumbai on 19th October 2023. The 15th edition offered more than 25 sessions, hundreds of delegates from India and abroad and a wide social media reach. The Summit’s agenda was divided into six main...
British Council and UAL looking for sustainable fashion and technology proposals from UK and India
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The cultural and educational organisation British Council has partnered with the University of the Arts London (UAL) and announced an open call for designers, design entrepreneurs, and SMEs from the UK and India to apply for the New Landscapes Catalyst Grant Scheme, a collaborative research and development scheme. The aim is to create solutions...
What the new minimum wage means for garment workers in Bangladesh
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On Tuesday, 8 November 2023, the Bangladeshi government announced the new minimum wage for garment workers: from December, they will receive 12,500 taka (around 114 US dollars) instead of the previous 8,000 taka (68 US dollars). At first glance, the increase seems to be okay, as it is up by 56 percent. However, if one compares the monthly...
Aid by Trade Foundation introduces new Regenerative Cotton Standard
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The Aid by Trade Foundation (AbTF), known for its cotton standards Cotton made in Africa (CmiA) and Cotton made in Africa Organic, has expanded its range to include the Regenerative Cotton Standard (RCS). It intends to offer both textile companies and cotton farmers a holistic new approach to responding to the growing challenges in the cotton...
Better Cotton introduces Traceable Better Cotton
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The non-profit organisation Better Cotton has launched a new traceability solution for the fashion and textile industry called Traceable Better Cotton, which has been developed over the course of three years. It will provide visibility of the journey of cotton through the supply chain by logging stakeholder input on the Better Cotton platform....