adidas Signs $1.2 Billion USD Sponsorship Deal With Manchester United and France Announces "Repair Bonus" Program in This Week's Top Fashion News

This week, the fashion industry saw a variety of news ranging from business reports to an environmental initiative and even another destination fashion show.Leading the charge was adidas with its new 10-year $1.2 billion USD sponsorship deal with Manchester United. France also made news as the first country to create a cash incentive program to combat fashion waste.Elsewhere, adidas' Q2 sales were down due to the Yeezy collaboration cancellation; Balenciaga revealed its Fall 2024 runway show wil...