Major Fashion Coalition Urges Amendments to NYC Sustainability Bill, Citing Compliance Burden and Scope 3 Deadline Concerns

HypeNa_Admin3 months ago09 mins

Major Fashion Coalition Raises Alarms Over NYC Sustainability Bill’s Compliance Requirements Washington D.C. – The American Fashion Alliance (AFA), a prominent coalition representing over 50 major U.S. fashion brands, today issued a formal and detailed statement expressing significant concerns regarding New York City’s recently proposed Fashion Sustainability and Social Accountability Act (SASA). While acknowledging and…

Chanel Commits €3 Billion to Sustainable Innovation, Launches Cutting-Edge Paris R&D Hub

HypeNa_Admin4 months ago08 mins

Chanel Pledges €3 Billion to Pioneer Sustainable Luxury Through Major R&D Investment Paris, France – Luxury fashion powerhouse Chanel has announced a monumental commitment to the future of sustainable materials and production processes, pledging an investment of €3 billion over the next five years. This significant financial undertaking underscores the brand’s determination to lead the…

LVMH Pivots Supply Chain to Europe Ahead of Stricter EU Green Regulations

HypeNa_Admin4 months ago09 mins

LVMH Announces Major European Supply Chain Overhaul Driven by Anticipated EU Environmental Directives Paris, France – LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, announced a significant restructuring of its global supply chain operations yesterday, March 17, during a widely attended press conference held in Paris. This strategic and proactive shift signals a…

Kering Commits €50M to Circularity & Bio-Materials in Bold 2030 Sustainability Push

HypeNa_Admin4 months ago06 mins

Kering Unveils Ambitious 2030 Sustainability Roadmap Focused on Circularity and Bio-Materials Innovation Paris, France – Kering, the global luxury group home to prestigious brands such as Gucci and Saint Laurent, today announced a significant step forward in its environmental commitment, unveiling an updated and ambitious sustainability roadmap. The strategy, outlining key targets extending through 2030…

Slay Z’s $500M Rhythm Capital Fund Unveils First Investment: $50M Backs Sustainable Music Streamer EcoStream Music

HypeNa_Admin5 months ago07 mins

Slay Z’s Rhythm Capital Makes Inaugural Investment in Sustainable Music Streaming New York, NY – In a significant move marking the official deployment of its capital, Slay Z’s highly anticipated $500 million venture fund, “Rhythm Capital,” has announced its first major investment. The fund, which was formally unveiled on February 14, 2025, has directed a…

EU Mandates Digital Product Passports, Sets Sustainability Targets for Textiles by 2026

Quinton Bradley5 months ago08 mins

EU Finalizes Landmark Circular Textiles Act Strasbourg, EU — The European Union Parliament has officially approved the final text of the pivotal ‘Circular Textiles Act,’ marking a significant turning point for the sustainability of the European textile industry. This comprehensive legislation establishes stringent environmental requirements that all textile products sold within the EU market must…

LVMH Unveils $500M Bio-Textile Push, Targets 30% Sustainable Materials by 2028

HypeNa_Admin5 months ago08 mins

LVMH Commits $500 Million to Accelerate Sustainable Material Innovation Paris, France – LVMH Moët Hennessy Louis Vuitton, the world’s preeminent luxury conglomerate, announced a significant strategic investment on February 15, 2025, aimed at fundamentally transforming its material sourcing and production processes. The group revealed plans to allocate an impressive $500 million over the next three…

Chanel Sets Bold 2030 Sustainability Goal, Partners with BioTex for Revolutionary ‘Eco-Silk’

Maya Patel5 months ago09 mins

Chanel Commits to 100% Sustainable Materials by 2030 Paris, France – Chanel, the iconic French luxury house, announced a significant strategic shift on Monday, unveiling an ambitious commitment to transition its entire product portfolio to 100% biodegradable or certified recycled materials by the year 2030. This landmark environmental pledge positions Chanel at the forefront of…

EU Greenlights Sweeping Textile Sustainability Law, Targets 2030 Circularity

Quinton Bradley5 months ago07 mins

EU Adopts Landmark Textile Sustainability Directive The European Union has officially adopted its landmark Textile Sustainability Directive, a pivotal piece of legislation designed to fundamentally transform the textile sector within the bloc. The directive sets an ambitious target: achieving full textile circularity across EU member states by 2030. This comprehensive regulation addresses the environmental impact…

Luxury Giants Pioneer AI-Powered Sustainability Tracking Ahead of Strict 2026 EU Mandates

Ava Brooks5 months ago09 mins

Fashion Industry Leverages AI for Proactive Sustainability Compliance Leading global fashion conglomerates, including industry giants such as LVMH and Kering, are making significant strides in integrating advanced Artificial Intelligence (AI) platforms to enhance transparency and traceability within their complex supply chains. This strategic technological adoption is primarily focused on meticulously tracking supply chain emissions, particularly…