Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.

This week, H&M is under fire for issuing a lawsuit against street artist, while fur in China thrives despite the likes of Versace going fur-free.

This week, H&M is under fire for issuing a lawsuit against street artist, while fur in China thrives despite the likes of Versace going fur-free.

Both the brands said they would stop using real fur in their collections, joining a growing list of luxury labels turning their backs on fur.

Both the brands said they would stop using real fur in their collections, joining a growing list of luxury labels turning their backs on fur.

Animal rights group Noah hailed the decision as part of a shift against what it views as an outdated and cruel business with dwindling appeal to fashion-conscious consumers.

Animal rights group Noah hailed the decision as part of a shift against what it views as an outdated and cruel business with dwindling appeal to fashion-conscious consumers.

Cheaply available animal fur and opaque supply chains have contributed to the rise of genuine fur advertised and sold as faux.

Cheaply available animal fur and opaque supply chains have contributed to the rise of genuine fur advertised and sold as faux.

The American accessible luxury brand is the latest company to adopt a fur-free policy, effective in 2018.

The American accessible luxury brand is the latest company to adopt a fur-free policy, effective in 2018.

Is fur unethical and inhumane or sustainable and good for business? Leaders representing both sides of the fur debate presented their arguments in back-to-back remarks on the #BoFVOICES stage. Watch now.

Is fur unethical and inhumane or sustainable and good for business? Leaders representing both sides of the fur debate presented their arguments in back-to-back remarks on the #BoFVOICES stage. Watch now.

Millennial-friendly megabrands like Gucci are going fur-free, but the $40 billion global fur industry is working hard to reinvent itself for a new generation of consumers.

Millennial-friendly megabrands like Gucci are going fur-free, but the $40 billion global fur industry is working hard to reinvent itself for a new generation of consumers.

This season, London Fashion Week was met with activism on a much bigger scale than usual, with protests outside Burberry, Gareth Pugh and the British Fashion Council’s show space.

This season, London Fashion Week was met with activism on a much bigger scale than usual, with protests outside Burberry, Gareth Pugh and the British Fashion Council’s show space.

This week, why becoming an influencer is the new unpaid internship, and the blurring of gender boundaries in fashion.

This week, why becoming an influencer is the new unpaid internship, and the blurring of gender boundaries in fashion.

In today's News Bites, the RealReal adds more cash to its coffers, while the Yoox Net-a-Porter Group has adopted a company-wide no-fur policy.

In today's News Bites, the RealReal adds more cash to its coffers, while the Yoox Net-a-Porter Group has adopted a company-wide no-fur policy.

Charlotte Beecham, 27, started her scarf business just four years ago. Today, revenues are now in the multi-millions with sales growing 40 percent in the past year.

Charlotte Beecham, 27, started her scarf business just four years ago. Today, revenues are now in the multi-millions with sales growing 40 percent in the past year.

This week, H&M has taken action against factories employing 14-year-olds, and the burkini debate continues.

This week, H&M has taken action against factories employing 14-year-olds, and the burkini debate continues.
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.