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Why circular fashion doesn’t always mean less environmental impact

Today’s textile industry is largely linear. According to Circle Economy’s Circularity Gap Report Textiles, it uses 3.25 billion tonnes of materials every year, with the vast majority—over 99 percent—coming from virgin sources. What’s more, the rise of fast fashion has intensified textile consumption cycles, encouraging consumers to buy and...

BusinessMember

Castore acquires majority stake in shoe and bootmaker Grenson

British sportswear brand Castore, founded by Tom and Phil Beahon, has acquired a controlling stake in heritage shoemaker Grenson, which has been making footwear in Northamptonshire, England, since 1866. According to Grenson’s Companies House filings, J Carter Sporting Club Limited, the parent company of Castore, has acquired a 75 percent stake...

Retail

Study: European e-commerce to grow despite challenging consumer climate

European digital commerce is projected to grow by 6 percent annually until 2029, despite the challenging consumer climate. According to the authors of the McKinsey study, “Europe’s new e-commerce agenda: How AI is resetting growth and competition”, this not only indicates “remarkable resilience” but also describes a fundamental shift. Artificial...

People

Keir Starmer resigns as UK prime minister

Keir Starmer has resigned as the UK’s prime minister just two years after his appointment. The politician, who is also stepping down as head of the Labour Party, had faced heightened scrutiny over his leadership following various scandals and criticism over certain policies, resulting in a significant loss of support for party members. Starmer...