Cashmere news and archive

Prada and Ermenegildo Zegna buy Filati Biagioli Modesto S.p.A.

The Prada Group and Ermenegildo Zegna Group have acquired a majority shareholding in Italian company Filati Biagioli Modesto S.p.A., which specialises in cashmere and other precious yarns. In a statement, the two companies said that they have each acquired a 40 percent shareholding in Filati Biagioli Modesto S.p.A., which is based in Montale...

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As demand for cashmere plummets, Mongolian herders take the hit

Mongolia, a leading supplier for global cashmere, has seen demand for its luxury fibers plummet during the coronavirus pandemic. Sales fell near 70 percent as Chinese traders and Western shoppers have been isolated and businesses and factories closed. Khatant International, a Mongolian wool processor, said clients have been cancelling order...

Fashion Featured

Aid by Trade Foundation introduces world’s first cashmere standard

The non-profit organisation Aid by Trade Foundation (AbTF) has developed the world’s first standard for sustainably produced cashmere, called The Good Cashmere Standard. It takes the cashmere goats’ welfare into account while incorporating social and environmental standards in cashmere production. Once a luxury product that was combed out by...

Fashion |INTERVIEW Featured

Meet Frances Austen, the brand creating conscious cashmere

After a history working with fast-fashion retailers, Margaret Coblebtz—the founder of direct-to-consumer cashmere brand Frances Austen—felt the need to pursue fashion brands that aligned with her values in order to gain experience before starting her own company. However, due to the smaller amount of more experienced roles in the startup realm,...

Fashion

H&M phases out conventional cashmere for sustainable mission

The H&M Group announced this week that it has started to gradually phase out the use of conventional cashmere. The brand shared in a post on its website that it will stop placing orders on the material by the end of 2020 due to the environmental and animal welfare challenges of sourcing cashmere. The fast fashion group, which includes eight...

Business

Nadaam raises 16 million in Series A funding

New York-based sustainable, luxury cashmere company Naadam, has announced that it has raised 16 million dollars in Series A funding, led by private equity firm, Vanterra Capital with participation from Torch Capital, U-Start Club, Trail Post Ventures, and Plug & Play Ventures. Co-founded and launched by Matthew Scanlan, Diederik Rijsemus and...

Fashion Featured

Asos to stop selling silk, cashmere & mohair, but continue to sell leather & wool

London - Online fashion giant Asos is set to stop selling cashmere, mohair, and silk as part of its updated animal welfare policy but will continue to sell leather and wool products. The London-based etailer previously stop stocking products which contained feather & down, bone, shell, and teeth and has now added three new animals derived...

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Burberry Foundation partners with Oxfam & PUR Projet to support cashmere production in Afghanistan

London - The Burberry Foundation, the independent charity founded by Burberry in 2008, has teamed up with charity Oxfam and PUR Projet to launch a new programme supporting rural cashmere producing communities in Afghanistan. Together the organizations will launch a five-year programme, the first of its kind in the country, which aims to empower...

Fashion |INTERVIEW Featured

SoGoodToWear: Reviving the cashmere industry in Nepal

Amsterdam - SoGoodToWear is not your average fashion brand. The Dutch, fair trade fashion brand offers the perfect, luxury cashmere basics. But simply making the best possible garments in the best possible way is not enough for founders Fons and Jacqui Burger. In order to help kick start real change within the fashion industry, the duo decided...

BusinessFeatured

Brunello Cucinelli shapes the landscape of his legacy

Solomeo - Brunello Cucinelli says he feels like the Roman emperor Hadrian: responsible for the beauty of the world. And as he gazes out from his glass-walled office to the snow-flecked hills of central Italy, the luxury fashion magnate always spots something more he can do. "It is like another emperor, Marcus Aurelius, said -- live each day as...