Read time : 3 mins
Level : Advanced
By Tamara White | Wealth of Geeks undefined
Fast fashion giant Shein recently filed for one of the most significant Initial Public Offerings (IPOs) of 2023. The rampant growth of fast fashion — a fad turned rage that has dominated the industry for years — now sparks concerns about the trend’s societal and environmental impact.
Shein is not the only contributor to the fast fashion concern. Significant players like UNIQLO, Zara, Forever 21, and H&M have also adopted business models centered around the rapid design, production, distribution, and marketing of clothing. While the appeal lies in providing affordable and trendy options for consumers, the dark side of this industry is often overlooked. Continue reading