Ralph Lauren reports reduction of greenhouse gas emissions in latest report The US fashion brand saw a 33% reduction in greenhouse gas emissions and a 24% reduction in total water use in its Global Citizenship and Sustainability Report. This shows progress towards its goal of 100% sustainably sourced materials by the end of 2025. Read more.

Nadaam announces retail expansion The sustainable cashmere brand, which is backed by private equity firm Vanterra Capita, is opening pop-ups in Boston, New York City and Chicago. This expanding retail footprint builds on its 1,000sq ft flagship store in Manhattan. Read more.

Chanel buys 42 Avenue Montaigne The French fashion brand has purchased the store amid luxury fashion houses buying real estate in landmark locations. Around a block away from the Champs-Elysée, the amount for the sale of the boutique has not been disclosed. Read more.

All Saints reports record breaking results for the third year running The retailer saw EBITDA increase by 18% while operating profit rose to £39.9m. It says its strong performance is due to a reduction in promotional and markdown activity as well as wholesale growth, franchising and licensing channels. Read more.

Vince sees net sales increase in second quarter The luxury US fashion brand has reported a 6.8% increase in net sales compared to 2023’s second quarter, despite direct-to-consumer segment sales decreasing. Vince’s CEO, David Stefko, attributed this to its wholesale strength. Read more.

Cassandra Grey buys back Violet Grey Cassandra Grey has reacquired luxury retailer Violet Grey from Farfetch, with private equity veteran Sherif Guirgis joining as Co-Owner, Chairman, and CEO. Cassandra will serve as Chairman and Artistic Director of Violet Lab. Read more.