Luxury Daily, April 3, 2023 – Year-over-year emission fluctuations stunt Fashion Charter signatories: report

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April 3, 2023

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Sustainability

Year-over-year emission fluctuations stunt Fashion Charter signatories: report

The upstream environmental impacts of apparel production are still proving to be a major barrier to achieving net-zero emissions by 2050, according to a progress update from the United Nations-associated climate action coalition.

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Jewelry

Artisans apply new technologies to old world timepieces at Watches and Wonders 2023

From counterclockwise movements to incorporating emotion into timekeeping measurements, luxury brands are taking a close look at the craft, doing away with limited definitions of horology.

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Travel and hospitality

Mandarin Oriental enhances cultural programming with commemoration from Emirati artist FREE

Part of an overarching programming series aptly titled “The Majlis,” a new gallery will grace the entrance of the hotelier’s Dubai location during the month of Ramadan.

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Sustainability

Prada Group eyes 42pc ‘Scope 3’ emissions reduction by 2029

Identifying material sourcing as the most urgent area of environmental concern on the part of the company, the release details a plan for reducing greenhouse gas production across the supply chain.

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Strategy

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News briefs

Richemont, Emirates, Ferrari and Macy’s FREE

Luxury Daily's live news: Richemont launches global theft prevention database in fight against luxury jewelry loss; Emirates host cabin crew, ground staff trainings for World Autism Day; Ferrari supports Italian youth with latest iteration of reforestation project; Macy’s CEO announces succession plan after four decades with department store.

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Retail

China’s reopening means more spending on luxury: Morgan Stanley

Globally, mainland Chinese buyers will boost demand for luxury items by 20 percent in just 2023 alone.

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