British luxury brand Burberry has received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target.

​Ranra has walked away with the fourth Zalando Sustainability Award during Copenhagen Fashion Week. Its genderless collection “focused on longevity and used exciting techniques with textiles and dyes”.

Next year, France will pass a decree that will require every item of clothing sold in the country to carry a label detailing its precise climate impact.

Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg News reported on August 12.

​Canada Goose Holdings Inc has surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.

​Italian fashion house Salvatore Ferragamo has announced that it has struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers.

​Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.

Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.

Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.

​Norwegian fashion and lifestyle label Holzweiler has entered a “strategic partnership” with Sequoia Capital China, the latter having made a “significant investment” in the family-owned firm.

Tapestry, the owner of Coach, Kate Spade, and Stuart Weitzman, has given Scott Roe, its current chief financial officer (CFO), additional responsibility as chief operating officer (COO) of the company.

Italian fashion house Gucci has announced on Twitter that it will now accept ApeCoin — the Bored Ape Yacht Club’s proprietary cryptocurrency — for purchases at select stores in the US.

Finnish lifestyle design company Marimekko is planning to launch a community-driven marketplace for its vintage and second-hand goods, Marimekko Pre-loved, on August 25.

​Kering’s unstoppable Balenciaga brand has a giant new market to target. On August 4, Reliance Brands Limited said it has signed a strategic deal with the “hottest global luxury brand” to bring it to the Indian market. 

Germany-based Hugo Boss on August 3 confirmed earlier preliminary figures, saying currency-adjusted Group sales increased 34 per cent in the second quarter (Q2) of fiscal 2022 (FY22) compared to the prior-year period.

The founder and largest shareholder at Italy's Tod's has decided to launch a takeover offer on the luxury shoemaker with the aim of delisting it from the Milan stock exchange, the family holding company said Wednesday.