Vestiaire Collective is to ban the resale of fast fashion on its global platform as part of its mission to “fight fashion waste”.

It has timed the move to co-incide with the Black Friday bonanza sales period and it is part of its “Better Friday” movement. To promote the initiative it has adopted the hashtag #saynotofastfashion.

The French-based global business said it was inspired to make the move following a trip in October of this year to Kantamanto in Ghana where 15 million of items of unwanted fashion arrive every week. Much of it ends up in landfill causing environmental devastation.

Accompanying Vestiaire Collective on the trip was The Or Foundation, which is a US-based public charity and a registered charity in Ghana that has been operating in both countries since 2011.

Its mission is to “identify and manifest alternatives to the dominant model of fashion – alternatives that

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The chair of John Lewis has said that consumers are starting to budget and are more conscious of spending, despite being eager to celebrate the first “normal” Christmas in three years.

Dame Sharon White said, during a panel debate at the Confederation of British Industry (CBI) Annual Conference, that there were signs of shoppers changing their habits as a result of cost-of-living pressures.

She told the CBI: “This is the first Christmas for three years that people get to spend with family, friends and loved ones, and I think people will be really excited to have a proper Christmas. But you can see all sorts of things going on with consumer spending.

“We have got some customers who are doing their shopping early and have booked their Waitrose delivery slots in advance. On the other hand, you can see other customers starting to budget, and shopping is more

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Tiffany & Co has accelerated its plans to combat climate change with a pledge to achieve net-zero greenhouse gas (GHG) emissions across its own operations (Scopes 1 and 2) and supply chain (Scope 3) by 2040, 10 years earlier than what is called for in the Paris Climate Agreement.

The luxury jewellery house has made the pledge in accordance with Science Based Targets Initiative’s (SBTi) Net-Zero Standard

To meet this goal, Tiffany & Co. has set a 2030 near-term GHG reduction target in alignment with SBTi’s Net-Zero Standard. By 2030, Tiffany & Co. will reduce Scopes 1 and 2 emissions by 70%; these are the emissions generated from Tiffany’s own operations, such as stores, distribution centres, manufacturing and offices.

The LVMH-owned house has also committed to reduce Scope 3 emissions by 40%; these are the emissions generated in Tiffany’s supply chain and represent the “vast majority” of its footprint.

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TFG London, parent of Whistles and Hobbs, is reported to be among those considering a bid for fashion and lifestyle brand Joules which was placed into administration on 16 November.

According to Sky News, TFG London, which is part of South African retail empire The Foschini Group, had been in talks with Joules before its fall into administration about taking a substantial stake in the previously listed business.

It is now said to be in negotiations with Interpath Advisory, which is handing the administration of Joules about a potential rescue deal. However it is far from the only interested party with Marks & Spencer, NEXT and Frasers Group all said to be weighing up a possible bid. As well as being sold via its owned channels, Joules is also available through Next, Marks & Spencer and John Lewis.

Joules employs 1,600 staff and operates 132 stores, which are

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Iconic British department stores like Harrods and Selfridges will see their business rates bills slashed by up to half as a result of the Treasury’s new package of support revealed in yesterday’s Autumn Statement.

As part of the new budget, the Treasury announced a shake-up to business rates which will provide tax boosts for many high street businesses, with large warehouses for online rivals taking on more of the cost.

This could amount to combined savings of around £15 million for Harrods and Selfridges, according to analysis from real estate adviser Altus Group.

It comes as the Government said there would be a revaluation of more than half a million retail properties across England and Wales, meaning the rate of business tax they pay could change.

Furthermore, the Chancellor Jeremy Hunt pledged to remove the downwards cap – meaning businesses who see falling business rates bills as a result of

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