Must Read: Why Fashion Is Embracing Degrowth, The Tom Ford Acquisition Is All About Fragrance

These are the stories making headlines in fashion on Friday.

Why fashion is embracing degrowth
The term “degrowth,” according to economic anthropologist Jason Hickel, means “a planned reduction of energy and resource use designed to bring the economy back into balance with the living world in a way that reduces inequality and improves human well-being.” Brands such as Ralph Lauren are exploring what embracing degrowth could look like. Halide Alagöz, the chief product and sustainability officer at Ralph Lauren said, “We have seen our financials getting better although we produce less units compared to five years ago.” {The New York Times}

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