All H&M articles
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ArticleThule announces change in CEO and president position
After an expected difficult 2022, the Thule Group AB has appointed Mattias Ankarberg (who has been a member of the board of the Thule Group since 2018) as its new president and CEO. Ankarberg joins Thule from his current position as CEO of Byggmax Group. His former roles include global ...
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News briefs
Adidas might move its Paris store to a more central location
According to Sport Guide, Adidas is considering moving its 2,000-sqm store on Paris’ Champs-Elysées to another location, also on the Champs-Elysées but in a better spot, more visible to pedestrians and tourists. The Avenue des Champs-Élysées in Paris’ 8th arrondissement runs between the Place de la Concorde and Place Charles ...
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Decathlon among co-founders of new textile waste association in Spain
A group of major European retailers has joined forces to launch the Association for Textile Waste Management, which aims to help manage clothing and footwear waste generated in the Spanish market. The group comprises Decathlon, H&M, Ikea, Inditex, Mango, Kiabi, and Tendam. The non-profit association was formed in connection with ...
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Article
Maker of CO2-based polyester raises €22m
Fairbrics, a sustainable chemical company developing a technology that converts CO2 emissions into high-quality polyester through a circular manufacturing approach, has received €17 million from the European Union’s Horizon 2020 research and innovation program and an additional €5 million from Fairbrics’ Technology Upscaling Project partners to bring its innovative solution ...
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News briefs
H&M enters the metaverse
Like Adidas and Nike before it, H&M is venturing into the metaverse through the Roblox platform. In the retailer’s case, however, the design partnership is with a metaverse studio called Dubit, with offices in Leeds, London, Washington D.C. and Nashville. The result is called H&M Loooptopia Experience, were users can ...
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News briefs
Shein looks at becoming an online marketplace
Shein, one of the world’s largest online fashion retailers, is looking at becoming an online marketplace, according to The Wall Street Journal. The move would likely mean Shein becomes a direct competitor for existing e-commerce sites such as Alibaba, AliExpress and Amazon Marketplace, expanding beyond selling its own apparel and ...
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Article
Companies call on European Commission to revise REACH regulation
22 global companies have called on the president of the European Commission to reverse the decision to postpone the revision of REACH to Q4 2023.
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News briefs
Snapchat and H&M release a digital fashion collection
Technology company Snap, owner of the visual messaging service Snapchat, is partnering with fashion retailer H&M to launch a digital collection powered by the Snap Camera. From Dec. 5, 2022, users have access to three augmented reality Try-On Lenses, available via H&M’s mobile app and on Snapchat. The lenses ...
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News briefs
H&M to cut 1,500 jobs
Global fashion retailer H&M is reducing its workforce by about 1,500 positions as part of a cost savings and efficiency program. Overall, the Swedish company estimates the program will provide annual savings of about SEK 2 billion (€182.2m), which it expects to “become visible” in the second half of 2023. ...
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News briefs
Arket launches second-hand service
Arket, the sustainable Swedish retailer owned by H&M, has debuted its first resale service called Rearket. The pilot project (according to Arket) covers only the retailer’s own collections, from home furnishings and accessories to clothing for men, women and children. All products will be sold on commission and presented as ...
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News briefs
H&M’s Arket opens flagship in Paris
The first French flagship store of Arket, H&M’s “one-stop destination for sustainable fashion for women, men and children,” opens Nov. 4 in a sleek Scandinavian design at 13 Rue des Archives, Le Marais, in Paris. The store covers 400 square meters on two floors and overlooks a courtyard with a ...
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Article
74 percent of post-consumer textile in Europe is recyclable
A report titled Sorting for Circularity Europe provides key findings for a more circular use of textiles.
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Article
Adidas exhibits its “made to be remade” products in London
At Design London 2022, taking place at Magazine London on Sept. 21-24, Adidas has organized an exhibition titled “Chasing Circularity.” The exhibits showcase the brand’s journey since the 2019 launch of Futurecraft.Loop, a corporate initiative that explores ways to make reusable products. The project has been working on a circular ...
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News briefs
H&M to pull out of Russia for good
Swedish fashion chain H&M has announced its complete withdrawal from Russia. The exit won’t be cheap.
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U.S. startup AlgiKnit secures $13 million in Series A funding
AlgiKnit, a North Carolina-based startup with secondary offices in New York City that develops sustainable textiles from seaweed, has received $13 million in a Series A financing led by Collaborative Fund. New investors include H&M CO:LAB, the investment arm of Swedish apparel retailer H&M Group, Starlight Ventures and Third Nature ...
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Article
Nike remains the world’s most valuable apparel brand
Nike tops the Brand Finance Apparel 50 ranking for the eighth time, making it the most valuable brand since the creation of the list.
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News briefs
Fairbrics raises €6.5 million to develop carbon-neutral fabrics
Fairbrics, a French sustainable textile start-up, has raised more than €6.5 million in pre-Series A funding. AP Ventures lead the financing round. H&M CO:LAB, the venture capital arm of the H&M Group, joined the round alongside existing investors, including Sake Bosch. Fairbrics creates carbon-neutral fabrics for the fashion industry. The ...
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Article
H&M sets its sights on the sports market
Source: David Thunander H&M store in Stockholm The Swedish fashion retailer H&M launched a test for the sale of third-party brands a few days ago. The marketplace is called “H&M with friends.” At the same time, there is information that H&M wants to enter the ...
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News briefs
Google develops geographic fiber-tracking tool
Google has added a tool to its Google Earth Engine to gauge fibers by their geographic effects on the environment (air pollution, biodiversity, greenhouse gas emissions, effects on forestry, water use, etc.) and thereby guide textile brands to reduce the carbon emissions of their raw materials procurement. Developed in partnership ...
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News briefs
Adidas loses appeal about H&M’s two stripes
Ending a trademark dispute that began in 1997, the Dutch Supreme Court has dismissed an appeal by Adidas against a lower court’s ruling that a two-stripe logo used by Hennes & Mauritz did not infringe on its iconic Three Stripes. A key factor in H&M’s success was a market research ...
