French Luxury Brand Saint Laurent Goes Fur-Free

The end of fur at Saint Laurent. ALAIN JOCARD AFP/File
The end of fur at Saint Laurent. ALAIN JOCARD AFP/File
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French Luxury Brand Saint Laurent Goes Fur-Free

The end of fur at Saint Laurent. ALAIN JOCARD AFP/File
The end of fur at Saint Laurent. ALAIN JOCARD AFP/File

French high-end fashion brand Saint Laurent will stop using fur in its collections from next year, its parent company Kering said on Friday, joining a growing list of global companies.

Kering brand Brioni will also forsake fur, the company said, making all the fashion group's houses fur-free.

Animal rights groups have long lobbied the global fashion industry to give up fur and several, including Versace, Chanel and Michael Kors, had already stopped using it, said AFP.

People for the Ethical Treatment of Animals (PETA) took the lead in protesting against Saint Laurent, demonstrating outside its store in the fashionable Avenue Montaigne in Paris this year after supermodel Kate Moss appeared in an advertising campaign for the brand wearing a fox coat.

"There is nothing glamorous about fur," PETA told Saint Laurent.

Within the Kering group, Gucci was the first to drop fur in 2017, followed by Balenciaga, Bottega Veneta et Alexander McQueen.

"The world has changed, along with our clients, and luxury naturally needs to adapt to that," Kering CEO François-Henri Pinault said in a statement.

Kering would be entirely fur-free from the Fall 2022 collections.

On Friday, among the fur items still available in Saint Laurent's webstore were a rabbit coat priced at 5,500 euros ($6,450), a sleeveless fox vest for the same price, and a pair of mink mules for 995 euros.

"We believe that killing animals not to eat them but only for their fur doesn't correspond to modern luxury which must be ethical, in sync with its times and the questions of our societies," Marie-Claire Daveu, head of sustainable development at Kering, told AFP.

LVMH, the world's largest luxury group and Kering rival, meanwhile told AFP that it continued to allow its brands to meet customer demand for fur products.

These were being made "in the most ethical and responsible way possible", LVMH said, adding that it had banned all fur from endangered species.

According to PETA, 85 percent of fur sold in the world originates from animals who live their entire lives in captivity, often in conditions "of misery" and "extreme suffering".

They are usually killed by poison gas, electrocution or beaten to death with clubs, it said.

The international fur trade is estimated to be worth several tens of billions of dollars annually, employing around one million people worldwide.



E-retailer Zalando to Buy About You for $1.2 Bln

FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa
FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa
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E-retailer Zalando to Buy About You for $1.2 Bln

FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa
FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa

German online retailer Zalando said on Wednesday it had struck a deal to buy rival fashion group About You for 1.1 billion euros ($1.2 billion), as part of plans to create a pan-European e-commerce platform.
The cash offer corresponds to 6.50 euros per share, a 107% premium to About You's three-month average stock price. About You's shares closed at 3.90 euros on Tuesday, Reuters reported.
Zalando's shares were down 8% at 0805 GMT, headed for their biggest daily percentage fall in two years, following news of the deal.
The proposed takeover comes as the rapid growth of low-priced fast-fashion retailer Shein has put pressure on online players across Europe that have struggled to compete on price.
"The planned two-brand strategy would significantly increase the group's presence in the pan-European markets," said About You's major shareholder, German retail group Otto.
The combined business of Zalando and About You aims to have an adjusted earnings before interest and taxes (EBIT) margin of between 10% and 13%, Zalando said in a statement.
Zalando said that Otto and an investment company controlled by Heartland A/S, as well as About You's board members, had decided to accept the offer.
Otto brought About You onto the stock exchange three and a half years ago at an issue price of 23 euros per share.