DAVOS – Fashion industry innovation presents investors with a multi-billion dollar opportunity, according to a new report released today. Produced by Boston Consulting Group (BCG) and Fashion for Good, the report: Financing the Transformation in the Fashion Industry: Unlocking Investment to Scale Innovation is a call to action for savvy investors keen to profit from exponential growth in innovations designed to make the fashion world more sustainable. Which the report estimates being around $20 billion to $30 billion annually.
“Disruptive solutions that can offer major leaps forward toward circularity exist today, and the opportunities to invest and scale them within the industry are vast. This seminal study provides powerful insights and a clear call to action for all players to collaboratively drive innovation,” said Katrin Ley, managing director of Fashion for Good.