In The News | 20 April 2023
Catch up on AfCTFA progress, Zumi marketplace's shutdown, Metaverse Fashion Week highlights and Beyoncé and adidas' break up.
Also in your inbox today: April's career edition and an SAFW SS23 primer ahead of tonight's first shows. Enjoy!
An update on AfCTFA progress, ZUMI marketplace shutters after struggling to secure new funding, Woolworths takes home the News 24 Company of the Year award and African Fashion Up 2023 opens to entries.
Elsewhere, Quiksilver, Billabong and Roxy have a new owner, WGSN releases a comprehensive future consumer 2025 trend report, Telfar begins a live pricing model experiment, H&M unveils its Mugler collab, Burberry acquires its puffer jacket supplier and Beyoncé & Adidas end their working relationship (which could either mean the end of Ivy Park, a search for a new production/retail partner to follow Topshop and Adidas, or Parkwood going in-house).
In fashion technology, Karlie Kloss launches a fashion destination on Roblox, Levi's leans on supplementary AI models to 'increase diversity' and sustainability, Inditex sells Zara's Russian operations to the UAE's Daher Group, Trend God AI chat tool launches to interpret and present consumer trends, Prada collaborates with Adobe and Tommy Hilfiger makes Metaverse Fashion Week headlines.
In labour & environment ethics, the Fashion Innovation Centre shows the EU parliament links between forced labour and overproduction, a new American coalition wants to 'Shut down Shein,' The Global Fashion Agenda is looking for 7 young new voices across fashion to join an assembly, Nike's unanswered forced labour questions draw new ire, Stella McCartney launches BioSequins, and Europe cracks down on misleading sustainability claims.
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