Fashion
System-wide improvements could boost textile recycling rate: BCG

Reaching that level will require industry-wide changes, including expanding efforts to collect discarded textiles, adopting new technologies, increasing operational efficiency and boosting investments, it noted.
It will also require more companies to make and sell products created from recycled materials—and more people to buy them.
System-wide improvements could boost textile recycling rate with a raw material value of more than $50 billion, a Boston Consulting Group commentary said.
Reaching that level will require industry-wide changes, including expanding efforts to collect discarded textiles, adopting new tech, raising operational efficiency, boosting investments and making more companies sell recycled products, it noted.
In 2024, discarded clothing worldwide reached 120 million metric tonnes—a clear indication of how dramatically fashion consumption has changed. As a direct result of these trends, global fibre production has more than doubled since 2000, amplifying both consumption patterns and waste.
The increase in textile waste imposes significant economic and environmental burdens. In 2024, approximately 80 per cent of discarded clothing ended up in landfills or incinerators, while only 12 per cent was reused, and substantially less than 1 per cent was recycled into new textile fibres.
The environmental toll is particularly high, the commentary by Rohan Sajdeh, Catharina Martinez-Pardo, Alexander Meyer zum Felde, Tom Lange, Eleonora Tieri and Elian Evans observed.
Producing textiles accounts for 92 per cent of the fashion industry’s greenhouse gas emissions. Disposal exacerbates such emissions. Open dumping adds another layer of risk, releasing harmful micro-plastics into the environment.
The authors expect demand for recycled textiles to exceed supply by 30 to 40 million metric tonnes by 2030.
Despite the growing momentum for change, the existing textile value chain includes many barriers to recovering and reusing more waste. Three, in particular, pose challenges to meaningful change, the authors said.
First, several factors often make recycled materials less desirable economically and practically than virgin fibres. While enthusiasm for recycled fibers is rising, concerns about quality, availability and integration into established supply chains can make them less appealing.
Moreover, the cost disparity is significant: recycled polyester can be more than twice as expensive as virgin polyester, and recycled cotton usually commands a higher price as well.
Second, today’s textile waste management infrastructure falls short. Current textile recycling systems simply weren’t designed for the immense volumes the world generates. Most collection channels primarily support resale markets, both charitable and commercial, rather than recycling initiatives.
Consequently, sorting processes rely heavily on manual labour that is optimised for resale rather than recycling. These manual processes cannot efficiently categorize textiles by recyclability, fabric composition, and colour, or effectively remove disruptors like buttons and zippers. Consumer confusion further complicates this already strained system.
Third, complex fabrics require innovating beyond current recycling capabilities. Most modern fabrics are made from blends of different fibre types. However, most existing industrial recycling solutions, which are primarily mechanical, can handle only single-material textiles.
This mismatch between waste and technology has led to an urgent need for innovative solutions that can handle a broad range of modern textile waste and deliver products that are competitive in cost and quality, the authors wrote. Such techniques have yet to reach the scale necessary to tackle current waste volumes.
To build a profitable system for all stakeholders, the industry should focus on five key actions designed to work across all of the barriers mentioned above: promote demand for textiles with recycled fibres; collect more waste; modernise sorting; scale effective recycling solutions; and invest in innovation, they said.
Success will also depend on creating meaningful economic incentives for businesses and consumers, and harnessing synergies across the value chain, the authors added.
Fibre2Fashion News Desk (DS)
Fashion
Canada, Brazil to resume Canada-Mercosur FTA talks in October

The bloc also includes Argentina, Uruguay and Paraguay, while the process of Bolivia turning a full-time member is under way.
Canada and Brazil, which now holds the rotating presidency of the Mercosur bloc, recently announced that they will resume talks for an FTA that have been stalled since 2021.
Canada’s renewed interest in restarting talks with Mercosur is due to the uncertainty caused by US tariffs.
The bloc also includes Argentina, Uruguay and Paraguay, while the process of Bolivia turning a full-time member is under way.
“We have directed our senior trade officials to engage in discussions, including a meeting of chief negotiators in early October, in order to resume free trade agreement negotiations,” Brazil and Canada said in a joint statement.
Canada’s renewed interest in restarting talks with Mercosur is due to the uncertainty caused by tariffs imposed by US President Donald Trump. Talks between Canada and Mercosur have been stalled since 2021.
“At a time when rules-based trading is being threatened, we need to stand with like-minded partners, as Brazil is, to really build on that structure, to make sure that structure exists, to promote more trade,” Canadian trade minister Maninder Sidhu was quoted as saying by global newswires.
“Brazil and Canada have been affected by measures that distort the legitimate flow of goods and investments, adopted without technical justification,” Brazilian foreign minister Mauro Vieira said.
Fibre2Fashion News Desk (DS)
Fashion
A summer roundup of news from the beauty industry: amidst flagging results and economic turbulence

Published
August 27, 2025
As summer draws to a close, it’s time to take stock for global beauty players. The 2025 summer season has been marked by mixed financial publications, against a backdrop of slowing consumer spending, markets that have become unpredictable and, above all, the forthcoming rise in customs duties in the United States.
While some companies fared better than others, all had to contend with a more complex economic reality. Here’s a look at the main players in the sector: France’s L’Oréal and the Americans, Coty and Estée Lauder.
Coty in transition, between falling sales and possible asset disposals
The American group Coty saw its sales fall by 4% in its fiscal year ending June 30, 2025, for net sales of $5.89 billion (€5.07 billion). Demand remains weak, particularly in North America, and retailers are clearing their inventories rather than placing new orders. The group has indicated that it is going through a “transition year” and is counting on a return to growth in the second half of fiscal 2026.
Faced with this tense economic situation, Coty has launched a new phase of transformation called All-in to Win, which involves restructuring around 700 jobs. At the same time, market speculation has been circulating since June about a possible sale of assets, notably in luxury and consumer cosmetics. France’s Interparfums may be in the running.
Estée Lauder deepens losses and accelerates restructuring
For the other American giant, Estée Lauder, the results published at the end of August were particularly alarming. The group recorded a net loss of $546 million in the fourth quarter of its 2025 fiscal year, a figure almost double that of last year. This underperformance is largely due to the implementation of a restructuring plan announced in February, the total cost of which is estimated at between $1.2 and $1.6 billion. In all, between 5,800 and 7,000 jobs will be eliminated worldwide.
The general decline in sales, down 8% for the full year to $14.3 billion (€12.3 billion), affected all segments except perfume, which remained stable. The group was particularly hard hit by the collapse of travel retail sales, which fell by 28%.
Despite this, Estée Lauder remains hopeful of a rebound as early as 2026, betting on a gradual recovery, selective price increases, and double-digit growth in e-commerce. However, management anticipates a negative impact of around $100 million from U.S. tariffs in the current financial year.
L’Oréal forges ahead, buoyed by North America
In this tense climate, L’Oréal is doing rather well. At the end of July, the French group published sales up 1.6% to 22.47 billion euros for the first half of 2025, with net income up 1% excluding exceptional items. The United States is positioned as the main contributor to this growth, despite the introduction of new customs duties of up to 15% on cosmetics imported from Europe.
For the moment, management is downplaying the impact of these tariffs, describing the situation as “manageable”. L’Oréal already manufactures half of its products sold in North America in its four local plants, has built up strategic stocks, notably for its luxury and fragrance ranges, and is planning moderate price adjustments.
The group is also continuing to invest and strengthen its position, with the acquisition announced in June of the Color Wow brand, specialized in hair care products. CEO Nicolas Hieronimus says he is “ambitious” for the second half-year, while acknowledging an uncertain economic climate for both businesses and consumers.
While performances are mixed, global beauty players all share one observation: the market has become more volatile, purchasing behavior more unpredictable, and economic pressures increasingly difficult to circumvent.
Inventory adjustments, restructuring, industrial relocation, price increases, or asset disposals… the strategies differ, but all aim to maintain balance in an environment that has become highly unstable.
This article is an automatic translation.
Click here to read the original article.
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Threatened with taxes, the EU rejects accusations of targeting US tech

Published
August 27, 2025
The European Commission on Tuesday rejected US President Donald Trump‘s criticism that EU rules on digital services unfairly target U.S. technology companies. The EU also rejects the idea that these regulations are tantamount to censorship.
Trump wrote on Monday that he would impose additional tariffs on all countries with digital taxes, laws or regulations, claiming they were “all designed to harm or discriminate against American technology”.
During August, the U.S. and EU agreed a joint statement on a deal to limit most U.S. tariffs on EU goods exports to 15%, with no mention of digital services.
The Trump administration has consistently criticized the European Digital Markets Act (DMA), which aims to limit the power of tech giants, and the Digital Services Act (DSA), which obliges major online platforms to fight illegal and harmful content.
The European Commission, which proposed both laws, declared on August 26 that it was the sovereign right of the EU and its member states to regulate economic activities. The Commission strongly refuted Trump’s claim that the EU was targeting US companies, insisting that the DMA and DSA applied to all platforms and companies operating in the Union.
A European spokesperson added that the last three DSA enforcement decisions concerned AliExpress, Temu and TikTok, all of which are owned by Chinese interests. The Commission has also opened DSA investigations into X (formerly Twitter) and Meta.
Accusations that European data laws censor social networks, as asserted by Meta CEO Mark Zuckerberg, are “totally false and unfounded,” said the EU spokesperson.
The DSA is not asking platforms to remove content, but to apply their own terms and conditions, which define what should not appear on their platforms.
“And while we’re on the subject, more than 99% of content moderation decisions taken online in the EU are proactively taken by platforms, based on their own terms and conditions,” said the spokesperson.
As FashionNetwork.com noted, this latest U.S.-EU tussle comes at a time when the European Union wants to step up its fight against anti-competitive practices by some major digital platforms, but also intends to lay down a legal framework for the exploitation of artificial intelligence.
(with Reuters)
This article is an automatic translation.
Click here to read the original article.
Copyright © 2025 FashionNetwork.com All rights reserved.
-
Business7 days ago
RSS Feed Generator, Create RSS feeds from URL
-
Tech1 week ago
Korea develops core radar components for stealth technology
-
Fashion7 days ago
Tariff pressure casts shadow on Gujarat’s textile landscape
-
jobs1 week ago
Data Analyst at Easy Agile – Australia
-
Fashion7 days ago
Rent the Runway to swap debt for equity in revival effort
-
Fashion1 week ago
US retailers split on holiday prospects amid consumer caution
-
Tech7 days ago
Qi2’s Magnetic Wireless Charging Finally Arrives on Android
-
Sports7 days ago
Dan Quinn says Terry McLaurin is healthy, ‘closer’ to Commanders return