Must read: Why fashion is embracing degrowth, the Tom Ford acquisition is all about fragrance

These are the stories making headlines in fashion on Friday.

Why fashion embraces growth
The term “degrowth,” according to economic anthropologist Jason Hickel, means “a planned reduction in energy and resource consumption designed to bring the economy back into balance with the living world in a way that reduces inequality and improves human well-being.” Brands such as Ralph Lauren explores what inclusive growth might look like. Halide Alagöz, head of product and sustainability at Ralph Lauren said: “We have seen our finances improve even though we are producing fewer units compared to five years ago.” New York Times

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