ENXTPA:KERLuxury
Kering Leather Cut Targets Brand Risk And EU Deforestation Scrutiny
Kering (ENXTPA:KER) plans to cut its use of leather by 30% by 2028 as part of its sustainability agenda.
The move comes after the European Commission decided to exclude leather imports from its anti deforestation regulation.
Environmental groups argue this regulatory gap may weaken efforts to ensure deforestation free supply chains for luxury goods.
Kering, which owns luxury brands across fashion, leather goods and jewelry, is closely associated with leather intensive products. The decision...