Fame
First publisher to say no to fur
Renowned fashion magazine “Elle” has become the first major publisher to say no to fur, ending the promotion of animal products in both editorial and advertising content
A senior exec at the publication says the company is supporting animal welfare and reflecting a shift in tastes globally.
Teaming up with Humane Society and Creatives-4-Change, the magazine’s 45 global editions have signed a charter to make the reform process official.
Thirteen of the 47 have already implemented the changes, with a further 20 following suit in 2022 and the remainder by the end of 2023.
This follows a long-standing campaign by animal fur industry advocates who argue such a pledge is counter-intuitive, because synthetic fur is made with plastics that harm the environment.
But Elle’s international director says “Gen Z wants fashion to be responsible, ethical and innovative, and that’s what’s happening”.
Adidas is contemplating a significant financial blow as it considers writing off $320 million worth of Yeezy shoes following its separation from music and fashion icon Kanye West.
The sportswear giant’s decision to sever ties with West’s Yeezy brand has left a mountain of unsold merchandise, threatening to dent the company’s balance sheet.
The partnership between Adidas and Kanye West, which began in 2013, had been immensely successful, with Yeezy shoes becoming a highly sought-after fashion statement.
However, recent controversies and disagreements between West and Adidas prompted the sportswear company to distance itself from the celebrity designer.
The massive inventory of Yeezy shoes now presents a dilemma for Adidas, as it grapples with finding a solution to deal with the surplus stock. A $320 million write-off could significantly impact the company’s financial performance in the short term.
Adidas is currently exploring various options, including discounting, donating, or repurposing the unsold inventory to mitigate the financial hit.
Warner Bros Discovery, has issued a stark warning regarding the ‘real risk’ that Hollywood faces in the aftermath of the recent strikes that have taken a considerable toll on the industry’s financial health.
The strikes, which disrupted film and television production for several weeks, resulted in substantial financial losses for studios, production companies, and countless industry professionals.
Warner Bros Discovery emphasised the necessity for a resilient and adaptable approach to navigate the ongoing challenges and uncertainties facing the film and television sector.
The conglomerate stressed the importance of implementing measures to mitigate such risks in the future, which include fostering better labour relations and contingency planning to safeguard against potential disruptions.
The message underlined the need for the industry to adapt to the evolving landscape of content creation and distribution, particularly in the digital era.
This warning from Warner Bros Discovery highlights the need for the entertainment industry to recognise the ever-changing dynamics and economic challenges, and the importance of preparedness to maintain its prominent position in the global market.
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