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Fashion’s growth, profitability will stall if sustainability practices not embraced: BCG

Kering-owned Stella McCartney uses sustainable fabric in its designs; Image courtesy of Stella McCartney

 

If the fashion industry continues to improve its environmental and social performance, approximately 160 billion euros, or $174 billion at current exchange rates, would be added to the global economy by 2030, according to a new report from Boston Consulting Group.