Fashion
Why will fashion industry miss its 2030 deadline for climate targets?
As a result, the industry’s **** climate deadline depends on delivering sharp near-term emissions reductions, accelerating the shift to renewable energy and aligning business models with a *.*°C trajectory. However, global assessments suggest the sector is unlikely to meet these goals on its current trajectory. According to the Apparel Impact Institute (Aii), a global nonprofit focused on reducing the environmental impact of the apparel and footwear industry, sector emissions remain far from the pathway required to limit global warming to *.*°C. Industry greenhouse gas emissions rose by *.* per cent in **** compared with ****, marking the first year-on-year increase since tracking began in ****.
Analysis by global management consulting firm McKinsey and fashion advocacy group Global Fashion Agenda indicates that emissions must fall to about *.* billion tonnes of carbon dioxide equivalent by **** to stay aligned with a *.*°C pathway. Without stronger action, continued industry growth could push emissions to nearly twice that level.
Shipments to major markets including Mexico, Honduras, the Dominican Republic, Canada, the United Kingdom, and China contracted, with declines of up to **.** per cent. Exports to Mexico fell *.** per cent to $*,***.*** million, signalling slower manufacturing activity in its export-oriented apparel sector, which relies heavily on US yarns and fabrics. Weakness in Honduras and the Dominican Republic similarly mirrors subdued orders from US brands, weighing on regional supply chains linked through CAFTA-DR as brands rebalance inventories and sourcing volumes.
By contrast, exports to the Netherlands, Japan, and Belgium rose by as much as **.** per cent. These gains were supported by steadier demand for technical textiles and niche fabrics, as well as sourcing adjustments by European manufacturers seeking to diversify material suppliers and reduce overdependence on a limited number of Asian inputs.
By
DPA
Published
December 18, 2025
Sportswear business Puma has secured additional financing of more than €600 million. It comprises a €500 million facility and a further €108 million in committed credit lines, according to a statement on Thursday. The aim is to reduce utilisation of the existing €1.2 billion revolving credit facility while increasing the company’s financial flexibility.
The new €500 million facility is fully guaranteed by Santander Corporate & Investment Banking (Santander CIB). Both new financing instruments have maturities of up to two years.
Markus Neubrand, CFO of Puma SE, said: “While our existing syndicated credit facility and promissory notes remain available, today’s announcement will enhance our financial flexibility as we work to finalise our long-term financing structure. The fact that our banking partners have further expanded their commitment and business relationship underlines the confidence in our future business model and strategic direction. This will enable us to realise our strategic priorities and our goal of establishing Puma as a top-three sports brand worldwide.”
FashionNetwork.com with dpa
This article is an automatic translation.
Click here to read the original article.
Published
December 18, 2025
Free People’s London flagship on Regent Street is closing at Christmas, a decision that sees the US lifestyle brand relocating to a new 4,550 sq ft space on nearby Argyll Street.
Targeting an opening date sometime in the spring, the new flagship promises to offer an “elevated retail experience”.
Free People, which is owned by Philadelphia-based retail giant Urban Outfitters Inc, is also planning to open a new store in Edinburgh in January, becoming its first store in Scotland.
Free People managing director of International, Chris Worthington, said: “The UK is the cornerstone of our international growth strategy, and we are thrilled with the response from our British customer base.
“As we evolve our physical footprint, our focus is increasingly on finding unique locations that allow us to immerse our customers in the Free People brand experience.”
He added: “We’re prioritising locations that give us the creative flexibility to design compelling, distinct zones that allow us to tell our complete brand story in a more dynamic and expansive way.”
Argyll Street will join four other Free People London stores (Covent Garden, King’s Road, Shoreditch and Hampstead) plus Richmond in Greater London.
Copyright © 2025 FashionNetwork.com All rights reserved.
SHANTI shields N-plants from safety oversight: Experts – The Times of India
American Airlines no longer lets basic economy flyers earn miles
Gloria Gaynor says her hit “I Will Survive” became a personal anthem of strength during one of her darkest times
-
Business5 days agoHitting The ‘High Notes’ In Ties: Nepal Set To Lift Ban On Indian Bills Above ₹100
-
Politics1 week agoTrump launches gold card programme for expedited visas with a $1m price tag
-
Tech1 week agoJennifer Lewis ScD ’91: “Can we make tissues that are made from you, for you?”
-
Business1 week agoRivian turns to AI, autonomy to woo investors as EV sales stall
-
Sports1 week agoPolice detain Michigan head football coach Sherrone Moore after firing, salacious details emerge: report
-
Fashion1 week agoTommy Hilfiger appoints Sergio Pérez as global menswear ambassador
-
Business1 week agoCoca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026
-
Sports1 week agoU.S. House passes bill to combat stadium drones