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Must Read: The Met Gala 2022 Dress Code Revealed, Festival Fashion Returns

Plus, is fashion prepared for the SEC's carbon disclosure mandate?

These are the stories making headlines in fashion on Tuesday.

The Met Gala 2022 dress code revealed
Guests invited to the upcoming Met Gala will get to play dress-up with Gilded Age-inspired clothing. The event's dress code, revealed Monday, calls for "gilded glamour, white-tie." Vogue's Elise Taylor elaborated on the theme and its origins, writing that colors of the era "were rich and deep jewel tones" and, "hats were a necessity when going out and often were adorned with feathers." All this is to say, extravagance will be in high demand on the first Monday in May. {Vogue

Festival fashion returns
Coachella is back after a two-year pandemic hiatus, and with its return come big sales for brands specializing in festival-friendly apparel. Chavie Lieber reports on the money-making potential of festival fashion for Business of Fashion. "Big music festivals produce a torrent of content for social media, and what influencers are wearing at Coachella can quickly become a big seller in stores worldwide," Lieber writes. "Brands see sponsoring the right event, or throwing a good party, as the key to ensuring their clothes and logo appear in as much of that content as possible." {Business of Fashion

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Is fashion prepared for the SEC's carbon disclosure mandate?
The SEC wants to make carbon disclosures mandatory. Jasmin Malik Chua dives into what this means for fashion brands and retailers in a new piece for Sourcing Journal. Chua explains that the SEC proposal is a good thing for fashion companies as it will help them collect better data. "Getting a sharper understanding of where the worst emissions occur will also help better channel reduction efforts, say in terms of financial incentives for suppliers to make energy-efficiency improvements. It might even put to bed questions like how much the fashion industry contributes to global pollution." {Sourcing Journal

Puerto Rico's economic crisis takes a local fashion legend
After 50 years in business, Puerto Rican retailer Kress announced the closure of its remaining stores in March. Frances Solá-Santiago reflects on the fashion casualty in a piece for Refinery29, explaining how it fell victim to Puerto Rico's financial crisis and writing a love letter to the company. "As Kress closes its doors forever, I can only think I was lucky enough to witness a Puerto Rico where local stores were part of the memories we created with our clothes," Solá-Santiago writes. "Today, with retailers like Kress shuttered across the archipelago, that legacy lives in the Puerto Rican-owned brands, boutiques and markets that continue dando la batalla and betting on Puerto Rico's future." {Refinery29

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