Boohoo awards 17.1 million shares to 46 employees

Boohoo campaign imagery. Credits: Boohoo Group. Fast fashion group Boohoo has announced that it has granted over 17 million awarded shares as part of its ongoing Discretionary Share Award Plan. The move is in reference to a total of 17,112,212 ordinary shares, each offered at one pence each and granted to 46 employees. The shares equal 1.35 percent of the company’s current issued share capital, with a vesting period of three years ending on June 28, 2026. Boohoo noted that none of its executive directors participated in the awards. The move comes amid Boohoo’s ongoing battle with Revolution Beauty, a cosmetics firm it holds a 26.6 percent stake in, making it the company’s largest shareholder. In the duo’s most recent public spat, Boohoo criticised Revolution’s decision to give a group of its senior executives a total of two million shares. The fashion group claimed that Revolution had not informed shareholders of the decision and demanded a public confirmation that the terms of the share awards had not been amended following its most recent AGM, where said executives had been reappointed despite Boohoo’s opposition. In response, Revolution said that 17 individuals had been provided the awards to reflect “hard work and commitment”, and also put a spotlight on Boohoo’s highly controversial 175 million pound growth share plan that had notably been turned down by 37 percent of its shareholders. Read more: * Behind the rift: Revolution Beauty vs Boohoo Group
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Canada Goose unveils first sneaker collection

Credits: Image: Canada Goose; Canada Goose Glacier Trail sneakers In Pictures Luxury outerwear brand Canada Goose is launching its first sneakers this month as part of the brand’s strategic growth plan to expand into categories that “meets the needs of the modern explorer” to deliver “year-round relevance” as a lifestyle label. The Glacier Trail sneakers are described as “an elevated design,” drawing upon Canada Goose’s heritage of functionality and performance, while also being “ultra-versatile, multi-seasonal, and innovative,” explains the brand. Canada Goose adds that the sneakers aim to meet the demands of today’s consumer who is looking for “style, comfort, protection and stability,” with the footwear engineered with a breathable waterproof HDry membrane and a 100 percent breathable microfibre insole with temperature-regulating properties to keep the foot dry and comfortable. While the uppers are built with rubberised leather protective wraps for protection from the elements, durable rubber soles and a supportive 360-degree lacing system, with a zipper addition on the high-top offering maximum comfort. Credits: Image: Canada Goose; Canada Goose Glacier Trail sneakers The slim and understated design will debut in two silhouettes, a high-top and low for men and women, crafted from suede and premium leather, in neutrals colourways, including black, tan, and white, alongside seasonal colours such as Sundial Orange and Ozone Blue. The Glacier Trials also features a multi-directional tread and heel flare, inspired by the maple leaf from the brand’s disc logo and heel flare extends ground contact to ensure enhanced grip and stability on descents. The sneakers debut on July 18 and will be available at Canada Goose retail stores and online, with prices ranging from 375 to 475 pounds. Credits: Image: Canada Goose; Canada Goose Glacier Trail sneakers Credits: Image: Canada Goose; Canada Goose Glacier Trail sneakers Credits: Image: Canada Goose; Canada Goose Glacier Trail sneakers Credits: Image: Canada Goose; Canada Goose Glacier Trail sneakers
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H&M’s Arket to enter Spain with Barcelona flagship this autumn

Arket Paris store Credits: Arket Nordic fashion label Arket is setting its eyes on Spain with plans to open its first store in the market in 2023. The brand, which is owned by fast fashion giant H&M, is set to open a flagship store in Barcelona this autumn. While the exact location of the new store is unknown, it will carry a mix of the Stockholm-based brand’s ready-to-wear and accessories for women and men, as well as products from its childrenswear, body care, and interior design categories. “We are very excited to announce the opening of our first Arket store in Barcelona,” said managing director Pernilla Wohlfahrt in a statement. “It will be one of our most important events of the year, and we look forward to meeting our customers and the local creative community,” she added. Founded in 2017, Arket focuses more on wardrobe essentials and has a higher price-point than other fast-fashion brands within H&M Group’s portfolio. The company opened its first store back in 2017 on London’s popular Regent Street, before expanding to other cities including Stockholm, Copenhagen, Brussels, and Munich. The company also expanded into the Asia market in 2021 with the opening of flagship stores in Seoul, South Korea, and Beijing, China.
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TrusTrace teams up with Peftrust to strengthen the validity of PEF scores

Credits: TrusTrace /Peftrust Traceability and compliance solutions provider TrusTrace is teaming up with SaaS platform Peftrust, a product-level environmental footprinting solution for textiles and footwear, to strengthen the validity of product environmental footprint (PEF) claims for fashion brands. The new collaboration aims to address a growing need to track and trace a product’s lifecycle to assess its overall environmental impact. The integration will be the first end-to-end solution combining environmental traceability and impact, combining TrusTrace’s authenticated environmental traceability data with Peftrust’s LCA environmental scores to offer a complete assessment of a product’s lifecycle footprint. TrusTrace director of business development Bruno Mattia, who was recently appointed to spearhead business in the region, said in a statement: “In France and Europe, the PEF score has become an integral standard for fashion brands to validate their sustainability claims, improve the impact of their products to enable eco-design and remain in compliance with a growing number of regulations. “By partnering with Peftrust, a best-in-class product life cycle assessment (LCA) solution, we have integrated our solutions to send specific environmental data to Peftrust which, in turn, is available directly within the TrusTrace platform. As a result, we are now the world's first end-to-end solution combining environmental traceability and impact, providing much more than the interchange of data to offer these critical measurements to the largest fashion brands around the world.” Credits: TrusTrace /Peftrust The partnership it adds enhances the specificity of PEF scores by leveraging primary data available through TrusTrace’s platform, as opposed to standard industry-averaged data, which it states tends to be less accurate. As a result, the score takes more brand-specific parameters into account. While a brand only needs to enter a few data points to generate an initial PEF score, utilising TrusTrace data automatically provides more than 20 specific parameters from the supply chain network, making the score “more robust”. Laurent Bocahut, co-founder and chief executive of Peftrust, added: “Stronger data protects brands from the risk of making false or misleading sustainability claims. Our partnership with TrusTrace is enabling TrusTrace’s customers to more comprehensively evaluate their products and better assess the impact of each at scale. We’re thrilled to collaborate with TrusTrace to help brands glean more and better insights about product life cycles.” The PEF methodology was developed by the European Commission to account for a product's entire life cycle. The score covers 16 impacts beyond a product’s carbon footprint and is based on Life Cycle Assessments (LCA), the method for measuring environmental impact. This method tracks manufactured materials from the beginning to the end of its “life” to determine its overall environmental impact.
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CarbonVero tool launched to track energy consumption in the diamond industry

Credits: Andre Messika Diamonds LTD; diamonds Diamond trading company Andre Messika Diamonds LTD has launched a new carbon emission and energy consumption tracking tool in partnership with diamond technological solutions provider Sarine Technology LTD. The CarbonVero tool can track and calculate the carbon emissions of individual natural diamonds from the mine to fully polished state, including the energy consumption during the diamond manufacturing process through Sarine’s traceability solution. The tool utilises foundation measurements conducted by environmental consultancy The Carbon Trust and offers a calculation that reflects the operational emissions, including annual input of materials, energy, transportation, processing, ancillary and waste data. This is then combined with Sarine’s technologically based tracking of each individual diamond to offer a comprehensive dataset that can be tailored to a customer’s reporting needs. The dataset will be included as part of Sarine’s Diamond Traceability reporting and will cover Scopes 1, 2 and 3 – data from the mining organisation, De Beers Namibia, through to the cut and polished product, with further capability to include freight distribution beyond the factory right up until the polished diamond reaches the client’s door. Andre Messika Diamonds and Sarine Technology launch traceability tool for diamond industry As part of the wider framework of measurements, The Carbon Trust added that it has calculated a Product Carbon Footprint which tracks the diamond from mine through to Andre Messika’s Namibian factory and then the polished diamond distribution pathway to create a blueprint for raw data capture. The diamond trading company said it will apply CarbonVero to all its Namibian diamonds going forward, as it continues to explore supply chain insights and add a new layer to traceability that traces the carbon impact. Andre Messika, founder and chairman of Andre Messika Diamonds, said in a statement: “We are extremely proud that our innovation of disclosing carbon emission and energy consumption data per each individual polished diamond has come to fruition thanks to our partnership with Sarine. “I always believed in disclosure, innovation, and technology, and CarbonVERO has arrived to supply all of this for the natural diamond industry.” David Block, chief executive officer of Sarine, added: “We take pride in being part of another innovative initiative that adds an additional layer of transparency, providing crucial information about the energy emitted during the diamond processes, from mining through the entire manufacturing process. “Our commitment is to deliver this data with the highest level of assurance, enabling the industry to offer sustainable products and ensure a promising future. David Block added: It is a pleasure for us to collaborate with Andre Messika once again, reaffirming his belief in transparency, excellence, and benefiting the industry.”
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Avon starts its journey to becoming Leaping Bunny approved

Credits: Avon Beauty Global cosmetics company Avon is partnering with Cruelty Free International to start the process of becoming Leaping Bunny approved, underling its 30-year commitment to animal welfare. Cruelty Free International’s Leaping Bunny programme is the globally recognised gold standard for cruelty-free products, with requirements that go above and beyond laws restricting animal testing, and for Avon to receive approval its entire supply chain is being “rigorously audited,” to ensure compliance. In a statement, Avon said that the first of its ranges to receive Leaping Bunny approval will be Fragrance, Avon Care and Anew, with all other Avon product ranges due to obtain approval within 12 months. Angela Cretu, chief executive at Avon, said: “As a brand with a long-standing commitment to making the world better for all, I’m proud to announce Avon’s partnership with Cruelty Free International, building on our 30-year commitment to animal welfare.” The Leaping Bunny programme is the only cruelty-free standard that requires a supplier monitoring system to be implemented by the brand, supply chain checking right down to the ingredient manufacturer level, adherence to a fixed cut-off date policy and acceptance of regular independent audits to ensure ongoing compliance. Since 2017, Leaping Bunny has seen a 190 percent increase in brands enquiring about approval, demonstrating that global consumer demand for cruelty-free products is impacting how brands operate. Michelle Thew, chief executive at Cruelty Free International, added: “I am delighted to announce our partnership with Avon. To work with them to help end animal testing for cosmetics and declare their Fragrance, Avon Care and Anew ranges officially approved under the Leaping Bunny Programme is a real milestone for the global brand. "I look forward to our continued partnership to approve the entire Avon product range over the next 12 months. Welcome to the Leaping Bunny family!”
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Salvatore Ferragamo CFO resigns after 19 years at company

Credits: Courtesy of Salvatore Ferragamo The chief financial officer of Italian luxury brand Salvatore Ferragamo has announced his resignation after serving for over 19 years at the company. Alessandro Corsi first joined the heritage group in 2003, initially taking on the position of head of business development and e-commerce before working his way up into increasingly senior positions. Corsi eventually became group CFO in January 2019, assuming responsibility for the company’s financial reports, among other things. According to a press release issued by Salvatore Ferragamo, Corsi will terminate his employment agreement with the company on September 30, 2023. He is said to be taking on “a new professional challenge”. The statement continued: “The company expresses its deepest thanks to Mr. Alessandro Corsi for his professional contribution during these years of collaboration and wishes Mr. Alessandro Corsi all the best for his professional future.” A report by Reuters stated that Corsi was expected to become chief executive of a non-listed company which is not a rival of Ferragamo. Meanwhile, at the luxury brand, the name of a successor will be announced “in accordance with the terms provided for by applicable laws”.
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