Ashoka and C&A Foundation have identified the first cohort of five social entrepreneurs for the Fabric of Change Fellowship to nurture solutions to fashion industry challenges.
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.
Innovative Solutions Win Fabric of Change Award to Tackle Fashion Industry’s Sustainability Problems