H&M, Lululemon back $250 million Fashion Climate Fund to decarbonize supply chain

H&M, Lululemon back $250 million Fashion Climate Fund to decarbonize supply chain

H&M Foundation, the Schmidt Family Foundation also backers Fund aims to unlock $2 billion as solutions are scaled up LONDON, June 8 (Reuters) – Lululemon Athletica Inc (LULU.O) and H&M Group (HMb.ST) are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry’s supply chain, … Read more

Fashion industry risks falling short of green goals, Business of Fashion report says

Fashion industry risks falling short of green goals, Business of Fashion report says

People stand next to the window of a fashion boutique in a shopping district in Tokyo, Japan, May 30, 2016. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, May 31 (Reuters) – Despite incremental improvement from some sector leaders, the fashion industry’s 30 largest listed companies risk falling short of … Read more

H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

STOCKHOLM, May 20 (Reuters) – A Stockholm restaurant crew is wearing cotton aprons that capture greenhouse gas from the air, in a pilot of a technique developed by H&M-backed researchers as the fashion industry struggles to lower its climate impact. The textile industry has a large carbon footprint, something fashion giants are under increasing pressure … Read more

Royal wardrobe: a look at Queen Elizabeth’s unique fashion style

Royal wardrobe: a look at Queen Elizabeth's unique fashion style

Over 70 years, queen has developed ‘signature style’ Outfits a way for monarch to express her feelings Her enduring style is never out of – or in – fashion LONDON, May 18 (Reuters) – From dressing room and priceless jewels, bold block colors and pearls to tweed and a headscarf – Britain’s diplomatic Queen Elizabeth … Read more

Dow, S&P close lower after 4 days of gains as Russia bombs Ukraine

Dow, S&P close lower after 4 days of gains as Russia bombs Ukraine

The logo for the New York Stock Exchange (NYSE) is displayed on the floor of the NYSE in New York City, US, March 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US bond market spurs recession worry Private payrolls increased by 455,000 jobs in March Dow down 0.19%, S&P 500 … Read more

Japan’s Uniqlo makes U-turn to exit Russia as Britain hits oligarchs

Japan's Uniqlo makes U-turn to exit Russia as Britain hits oligarchs

March 10 (Reuters) – Japanese brands Uniqlo and Japan Tobacco made U-turns and said they were stopping business in Russia, joining the corporate crowd shunning Moscow on Thursday, and Britain escalated sanctions against oligarchs including Chelsea soccer club owner Roman Abramovich. Investment bank Goldman Sachs (GS.N) became the first US bank to quit Russia, and … Read more

Makers of basic necessities face ‘tradeoff’ supplying Russia with cookies, soap

Makers of basic necessities face 'tradeoff' supplying Russia with cookies, soap

Customers at the Edeka grocery store buy pasta, as the spread of coronavirus disease (COVID-19) continues in Duesseldorf, Germany, April 29, 2020. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register NEW YORK/LONDON, March 9 (Reuters) – Makers of everyday staples from Pampers diapers to Dove soap are walking a fine line by … Read more

McDonald’s, Starbucks, Coke and Pepsi all stop sales in Russia

McDonald's, Starbucks, Coke and Pepsi all stop sales in Russia

Iconic American companies make a statement Shell to withdraw entirely from Russia Nickel trading halted in London after price surge Volkswagen stops taking orders for plug-in vehicles NEW YORK, March 8 (Reuters) – McDonald’s, PepsiCo, Coca-Cola and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united rebuke of the war … Read more

Uniqlo owner stays put in Russia as Levi, AMEX and others sever ties

Uniqlo owner stays put in Russia as Levi, AMEX and others sever ties

Uniqlo’s Russian stores to stay open Danone suspends investments in country KPMG, PwC, EY, Deloitte all cut ties with local units American Express calls Ukraine attack ‘unjustified’ March 7 (Reuters) – Uniqlo owner Fast Retailing (9983.T) will keep its stores in Russia open, joining a small group of international firms that are staying put even … Read more