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Related Keywords: Adidas, biodiversity, cashmere, climate, cotton, fashion, fashion pact, fibers, H&M, high impact material, leather, luxury, metals, Nike, synthetic fibres, Textile, viscose, wool

Thirty-two luxury, fashion and textile companies have signed a new commitment to protect climate, biodiversity and the oceans of the world, calling the new initiative the Fashion Pact.

Representatives presented the idea of the new agreement to the president of France, Emmanuel Macron, at a special meeting in Paris on August 23. Mr Macron arranged for the leaders of the G7 group of the wealthiest states in the world to see a presentation on the Fashion Pact during the G7 Summit in Biarritz, which takes place from August 24-26.

Related Keywords: brand, first half, growth, Gucci, Kering, luxury, margin, revenue, Sales, sustainable profitability

French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand.

Total revenue generated by Kering's brands in the six-month period amounted to EUR7.34bn (US$8.2bn), up 18.6% as reported and 15.2% on a comparable basis.

Related Keywords: entrepreneur, fabrics, fashion, innvovation, luxury, R Collective, sustainability, Textile, upcycling

The R Collective is a clothing brand using some of the industry’s highest quality materials, but with a difference: it rescues excess materials from world-leading luxury designers, and upcycles them to create something entirely new.

British entrepreneur Christina Dean founded the company in 2017, inspired by a charity she founded in 2007 called Redress, which works to reduce fashion waste and promote a circular fashion industry.

Related Keywords: Chargeurs Fashion Technologies, fashion leaders, Gucci, Hermès and Uniqlo, largest apparel interlinings manufacturer, luxury, outerwear, PCC USA interlinings, performance apparel and athleisure, Precision Custom Coatings’, ready-to-wear and fast-fashion brands that include Chanel

The acquisition consisting of a share deal of PCC Asia and an asset deal of the PCC USA interlinings business carveout, is expected to result in no redundancies and to be completed by the end of 2018.