Top 10 Fashion News and Trends

Spaceone Industries, in conjunction with Banquet Labs and Prager Metis CPAs, has released MetaMission One (MM1), a unique collaboration behind the first-ever limited-edition Astro Chip NFTs and digital wearables that are activated to mint by an Application Programming Interface (API) from space. The packages also come with AR/NFT in-real-life (IRL) bomber jacket that contains augmented reality (AR) and blockchain authentication.

Saul Nash has been announced the winner of the 2022 International Woolmark Prize at a special event held in London. MMUSOMAXWELL has been awarded the Karl Lagerfeld Award for Innovation. The winners each receive AU$200,000 and AU$100,000 respectively as well ongoing support from the industry and Woolmark Prize retail partners.

Patagonia, The North Face and Levi’s are the brands most committed to fashion circularity, says research by management consulting firm Kearney, which found only 7 per cent of brands regularly employ recycled materials, 54 per cent of companies use them just for a few selected items or product features, while 39 per cent use no recycled materials at all.

Global Fashion Group (GFG), one of the leading online fashion and lifestyle destinations in growth markets, has reported quarterly revenue and NMV growth of 17.9 per cent and 22.9 per cent respectively, and gross margin and adjusted EBITDA improvements. In the first quarter of fiscal 2022, the company has delivered NMV of €543.2 million.

Despite significant growth Vietnam-Africa bilateral ties in recent years, the trade relationship between the two had not achieved its full potential, especially in the fashion industry, according to Le Hoang Tai, deputy director of the Vietnam Trade Promotion Agency (Vietrade). Many African businesses and consumers are not even aware of Vietnamese fashion products, he lamented.

The Barcelona Bridal Fashion Week (BBFW) catwalk presented creations designed by major national and international bridal wear designers. Thirty-four top-level firms and emerging brands took part in the fashion shows of the industry's international benchmark event to showcase their new products, as did the 320 firms that participated in the fair.

Bulgaria’s GIA FashionVerse has announced a presale of 500 NFTs on May 8th in two phases. The presale is set to be followed by a mega sale. It is joining Opensea's NFT space. It consists of a 6,600-piece NFT collection produced at random and stored on the Ethereum blockchain.

Rebag, the authority in trading, buying and selling luxury accessories including handbags, fine jewellery, watches, and more, has announced its collaboration with Moda Operandi, the fashion discovery platform that curates brands from around the world to bring exceptional design and fashion to a global audience. Rebag is a leading retailer based in the US.

Pop singer Bille Eilish and US’ Nike have joined hands to launch sustainable Air Force 1 silhouettes. Billie Eilish’s unique approach to self-expression balances a progressive contemporary perspective with a heartfelt respect for the classics. She has reimagined them with an eye to environmentally preferred materials and a universal colour palette.

American clothing brand Gap has launched a limited-edition collection of non-fungible tokens (NFTs) designed in collaboration with fashion innovator and style influencer, Dapper Dan, while Spanish brand Zara has launched the Lime Glam Spring-Summer 2022, the company’s first solo metacollection, conceived to be worn both inside and outside the virtual world.