26th May 2017, BANGALORE, India. - Ashoka and C&A Foundation have launched a new €250,000 ‘Scaling Impact Fund’ as part of their joint Fabric of Change initiative supporting social innovation in the apparel industry.
A growing chorus of social innovators, designers and leading industry retailers is calling for a drastically different approach to the way our clothes are made and sold. Are we finally closing fashion’s elusive loop?
Collaboration in fashion goes well beyond Kate Moss teaming up with Topshop. Forward-thinking brands co-create by working together with competitors and social entrepreneurs to design radical new projects and processes that lead to win-win-win situations.
An estimated 75 million people are now employed by the apparel industry. It’s a number that has almost quadrupled in the last 15 years. With this exponential growth, the not-so-hidden costs of fashion too have increased.
Each year, 80 billion pieces of clothing are purchased across the globe, which is 400% more than 10 years ago. Unsurprisingly these sales constitute a major financial market. The fashion brand Christian Dior is one of the biggest companies in the world - last year their sales totalled $41.6 billion, roughly equivalent to the GDP of Tunisia.