Global Fashion Agenda updated its sustainability plan in order to guide fashion leaders through the current crisis. “This crisis presents a unique opportunity to reevaluate the lexicon of fashion and to evolve individual business models and industry systems alike,” said Global Fashion Agenda’s CEO Eva Kruse. There’s also Lena, a fashion library from the Netherlands, where you can borrow clothes with a subscription. “It’s vital that the EU textile strategy includes strict rules on environmental protection and purchasing practices,” Macintosh adds. Another report by McKinsey & Company forecasts that the global fashion industry will contract by 27% to 30% in 2020.

Source: Forbes May 28, 2020 08:14 UTC