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Stock impact report

New York Fashion Week joins a growing list of fashion entities banning fur [Globe and Mail, The (Toronto, Canada)]

KERING SA UNSP/ADR (PPRUY) 
NASDAQ:AMEX Investor Relations: kering.com/en/finance
It's the second of the “big four” fashion weeks to make the move. In 2023 the British Fashion Council decided to ban fur from London Fashion Week (it further banned exotic skins in 2024). Paris and Milan have yet to implement a similar policy. The CFDA is the latest in a long list of entities that have been distancing themselves from fur in the past decade, including the State of California, all international Elle magazine editions and Kering, the French conglomerate that owns Gucci, Balenciaga, Yves Saint Laurent and other top luxury brands. “For people inside the industry, it may feel like old news, but for consumers, it's an important cultural marker because it signals that what was once controversial is now mainstream,” said Marissa Freed, founder of the Canadian faux-fur brand Freed. To her, eliminating fur is part of a more modern and “compassionate” approach to luxury. Faux fur has become the default alternative, but it has come under scrutiny for its shedding of micropl Show less Read more
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