FASHION

GUEST COMMENT Does fashion have a future in the metaverse?

Michael Colarossi, vice president, innovation, product line management and sustainability, Solutions Group, Apparel Division, Avery Dennison

Michael Colarossi explores metaverse opportunities for apparel and footwear brands 

Honestly, I didn’t get it.  And then, I started to hear a common refrain from my thirteen year old, “Hey dad, can I have $15 to buy a skin for my character?” on any number of gaming platforms on which he is active.  

The fashion industry “gets it” and is sizing up opportunities in the metaverse. While the potential for commerce and brand-building has yet to be proven in Web3 spaces, the world’s ongoing love affair with technology suggests it will become a revenue-generating channel in the not-too-distant future. In fact, the digital fashion industry could be worth $50 billion by 2030[1], according to figures from investment bank Morgan Stanley. Unquestionably, the metaverse and its potential cannot be ignored.   

How do

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BEAUTY

One of world’s largest cosmetics companies starts scholarship fund with local community college | Southeastern Pennsylvania

NEWTOWN, Pa. – Cosmetics giant Estée Lauder has had a presence in Bucks County for around three decades, and now it’s reinvesting locally to build up its talent supply.

The company announced a donation of $200,000 to Bucks County Community College to launch the Supply Chain Scholars program.

“We saw this partnership was really a marriage made in heaven for us to really invest in that community, invest in the workforce of the future,” said Saverio Marcario, Vice President of North American Manufacturing at Estée Lauder Companies.

It’s the largest corporate donation in the college’s history and covers full tuition for students to attend Bucks the first two years, and then finish their education at Temple University.

Students also can get mentorship and hands-on experience at the company’s facilities in nearby Bristol.

“It really is a great opportunity for young professionals to come in and learn from the ground up,”

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