Leading Luxury Labels Unite to Decarbonize Supply Chains [Yahoo! Finance]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
billion) by 2030, according to the European House Ambrosetti , also known as the TEHA Group—a sum currently unaffordable for approximately 58 percent of Italian suppliers due to tightening profitability and high debt ratios. And yet, Italy is where many luxury brands concentrate production; the country accounts for 49 percent of the turnover generated by the six key EU fashion manufacturing countries, the consultancy group's “ Just Fashion Transition 2025 ” strategic study found. In tandem, a lack of standardized sustainability reporting has made obtaining accurate data on suppliers' environmental practices something of a challenge. More from Sourcing Journal Microfiber Pollution Might Need a New Name Kering Italia Employees to Stage Strike Over Remote Working Policy Kering Presses Ahead on Sustainability Despite Luxury Downturn In response, leading luxury houses, under the aegis of the Fashion Pact , have launched the European Accelerator initiative. “This unprecedented
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