trending Market Intelligence /marketintelligence/en/news-insights/trending/L-W0jgPEcPOwR9FX7QKX2A2 content esgSubNav
In This List

Michael Kors to phase out use of animal fur in products

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Michael Kors to phase out use of animal fur in products

Michael Kors Holdings Ltd. will no longer use animal fur in its merchandise, the luxury fashion group announced Dec. 15.

Animal fur will be phased out of Michael Kors' production cycle by the end of December 2018, the company said. This decision will include the product range at Jimmy Choo, which Michael Kors acquired in November.

"Due to technological advances in fabrications, we now have the ability to create a luxe aesthetic using non-animal fur," said Michael Kors, honorary chairman and chief creative officer of the company.

Kors said the company will showcase those technological advances in a runway show in February 2018.

Gucci, the Italian handbag, footwear and accessories brand owned by French luxury company Kering SA, announced in October that it will no longer use animal fur in its products. Other large luxury companies, including LVMH Moët Hennessy Louis Vuitton SE and Compagnie Financière Richemont SA, which owns the Cartier and Chloé brands, have not made similar moves.