The Dark Side Of Fast Fashion Business Models

The Dark Side Of Fast Fashion Business Models

Fast fashion getty Fast fashion has revolutionized the apparel industry, making trendy clothing more affordable and accessible than ever. However, this business model comes at an enormous cost. According to the Ellen MacArthur Foundation, the fashion industry produces over 92 million tons of textile waste annually, with fast fashion contributing significantly to this staggering figure….

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Myanmar Reels From Deadly 7.7 Magnitude Earthquake

Myanmar Reels From Deadly 7.7 Magnitude Earthquake

Welcome back to World Brief, where we’re looking at Myanmar’s deadly earthquake, Israel’s strikes on Beirut, and U.S. Defense Secretary Pete Hegseth’s trip to the Philippines.  Rising Death Toll in Myanmar A 7.7 magnitude earthquake struck central Myanmar on Friday, sending tremors through Southeast Asia that killed at least 150 people and damaged infrastructure. In…

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Shein’s falling profits reveal cracks in ultra-fast fashion business model

Shein’s falling profits reveal cracks in ultra-fast fashion business model

Slowing profits and mounting legal challenges suggest Shein’s breakneck growth is stalling as regulators and consumers demand more accountability from fast fashion brands. Daphne Chouliaraki Milner reports for Atmos. In short: Shein’s profits dropped nearly 40% in 2024, forcing the company to slash its valuation ahead of a planned IPO in London. Meanwhile, its sales…

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