EU Approves Ban on Destruction of Unsold Clothing

The law bans the destruction of unsold textiles and footwear, and will apply two years after the law enters into force. Medium-size companies will have a six-year exemption, while smaller companies are wholly exempt from the ban - AFP
The law bans the destruction of unsold textiles and footwear, and will apply two years after the law enters into force. Medium-size companies will have a six-year exemption, while smaller companies are wholly exempt from the ban - AFP
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EU Approves Ban on Destruction of Unsold Clothing

The law bans the destruction of unsold textiles and footwear, and will apply two years after the law enters into force. Medium-size companies will have a six-year exemption, while smaller companies are wholly exempt from the ban - AFP
The law bans the destruction of unsold textiles and footwear, and will apply two years after the law enters into force. Medium-size companies will have a six-year exemption, while smaller companies are wholly exempt from the ban - AFP

The European Parliament and EU member states announced on Tuesday new rules to crack down on fast fashion and reduce waste, including a ban on destroying unsold clothes.

The new rules, first proposed by the European Commission last year, impose tougher rules on products to ensure they last longer and are easier to repair and recycle.

The law bans the destruction of unsold textiles and footwear, and will apply two years after the law enters into force. Medium-size companies will have a six-year exemption, while smaller companies are wholly exempt from the ban, AFP reported.

The commission, the EU's executive arm, will also have the power to extend the ban to other unsold products beyond clothing and footwear.

"It is time to end the model of 'take, make, dispose' that is so harmful to our planet, our health and our economy," said MEP Alessandra Moretti who spearheaded the legislation through parliament.

"New products will be designed in a way that benefits all, respects our planet and protects the environment," she added.

The law will also set specific requirements for key consumer goods in order to boost the durability of the products. Priority will be given to "highly impactful products" including clothing, furniture, mattresses as well as electronic goods.

Goods must also be sold with a "digital product passport", which could be a QR code, that will help consumers make informed choices about their purchases.

Under the new rules, large companies will also have to report annually how much of their production they have discarded as well as their reasons why, which the EU hopes will encourage such firms to give up such actions.



Ralph Lauren Raises Annual Revenue Forecast on Resilient Demand

Models present creations from the Ralph Lauren Spring 2026 collection during New York Fashion Week in New York City, US, September 10, 2025. REUTERS/Angelina Katsanis
Models present creations from the Ralph Lauren Spring 2026 collection during New York Fashion Week in New York City, US, September 10, 2025. REUTERS/Angelina Katsanis
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Ralph Lauren Raises Annual Revenue Forecast on Resilient Demand

Models present creations from the Ralph Lauren Spring 2026 collection during New York Fashion Week in New York City, US, September 10, 2025. REUTERS/Angelina Katsanis
Models present creations from the Ralph Lauren Spring 2026 collection during New York Fashion Week in New York City, US, September 10, 2025. REUTERS/Angelina Katsanis

Ralph Lauren raised its annual revenue forecast after beating quarterly estimates on Thursday due to resilient demand for its high-priced Polo shirts and cotton cable knit sweaters amid rising economic uncertainty.

The owner of several high-end apparel and accessory brands is seeing strong sales across its portfolio despite raising prices of select products, as it benefits from loyalty of its affluent customer base.

Ralph Lauren's investments, innovation and marketing efforts have also helped it win over younger shoppers, who are often hunting for fresh and trendy styles, Reuters reported.

The company now expects full-year revenue to increase 5% to 7% on a constant currency basis, compared with its prior forecast of a low- to mid-single-digit percentage growth.

The company posted quarterly revenue of $2.01 billion, compared with analysts' estimates of $1.89 billion, as per data compiled by LSEG.

Shares of the company were up about 1% in premarket trading.


French Foreign Minister: EU Commission Must Sanction Shein

Costumers shops on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (Photo by Dimitar DILKOFF / AFP)
Costumers shops on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (Photo by Dimitar DILKOFF / AFP)
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French Foreign Minister: EU Commission Must Sanction Shein

Costumers shops on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (Photo by Dimitar DILKOFF / AFP)
Costumers shops on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (Photo by Dimitar DILKOFF / AFP)

French Foreign Minister Jean-Noel Barrot on Thursday urged the European Commission to sanction online fast-fashion retailer Shein, which he said was in breach of the bloc's rules.

"I believe that the platform is clearly in breach of the European rules that we adopted in 2022 at France's instigation. I believe that the European Commission must take action. It cannot wait any longer," Barrot said in an interview with Franceinfo radio station.

China's Shein on Wednesday opened its first-ever permanent shop in the BHV department store in central Paris, but French Finance Minister Roland Lescure threatened a countrywide ban of the brand after a consumer watchdog spotted child-like sex dolls sold on its marketplace, Reuters reported.

Shein said it sanctioned the sellers of the dolls, implemented a worldwide ban on sex dolls on its site, and independently decided to temporarily suspend its marketplace in France to "review and strengthen" how third-party sellers operate on the site.


Zalando Reports Higher Growth in Third Quarter, Bets on Sports

Zalando announced a five-year partnership with DFB, the German national football federation. Reuters
Zalando announced a five-year partnership with DFB, the German national football federation. Reuters
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Zalando Reports Higher Growth in Third Quarter, Bets on Sports

Zalando announced a five-year partnership with DFB, the German national football federation. Reuters
Zalando announced a five-year partnership with DFB, the German national football federation. Reuters

Online fashion marketplace Zalando on Thursday reported a 21.6% rise in gross merchandise volume in the third quarter, mainly driven by the inclusion in the period of its newly acquired About You business.

It also announced a five-year partnership with DFB, the German national football federation, as it seeks to capitalize on the growing sportswear category.

Shares in the company were indicated up 6% in premarket trade.

Gross merchandise volume (GMV), a key revenue metric measuring the value of all goods sold, came in at 4.2 billion euros ($4.9 billion) in the quarter.

Assuming About You had been part of the group in the prior-year period, quarterly GMV increased by 6.7%, the company said.

Zalando has focused on higher-priced brands and the growing sportswear category, along with scaling up its partner business, as it faces competition from fast-fashion retailers with cheaper offerings such as Shein.

Quarterly revenue, which includes revenues from its logistics network offer and marketing services, rose 26.5% to 3 billion euros, surpassing analyst expectations of 2.9 billion euros according to LSEG data.

The company's earnings, however, were a touch below expectations, according to a local trader.

Adjusted earnings before interest and taxes (EBIT) in the quarter increased to 96 million euros from 93 million euros a year earlier.

Zalando said its logo would be featuring on all training and pre-match kits for DFB men's, women's, and youth teams. The partnership, which comes ahead of the football World Cup next year, included a wide range of marketing rights, it said.