Rethinking Business Models for a Thriving Fashion Industry

Circular business models for fashion, which allow companies to make revenue without making new clothes, represent a significant opportunity for new and better growth in the fashion industry. These business models, which include resale, rental, repairs and remaking, can provide considerable greenhouse gas savings, and could be worth $700 billion by 2030, making up 23% of the global fashion market.

This report makes the case for circular business models in fashion industry, outlining the issues facing the industry, and presenting four business models that circulate products and materials in the economy.