This article is part of our special section on DealBook Summit That included business and political leaders from all over the world.
Curator: Vanessa Friedman, fashion director and chief fashion critic, The New York Times. Participants: Preeti Arya, Professor of Textile Development, Fashion Institute of Technology; Maxine Bedat, executive director of the New Standard Institute; Caroline Brown, Managing Director, Closed Loop Partners; Laurent Clacken, CEO, Kering Americas; Gabriela Hearst, Creative Director, Gabriela Hearst & Chloe; Wise Kay, IMG Models; Tracy Reese, Founder and Creative Director, Hope for Flowers; Celine Samaan, Co-Founder and CEO of Slow Factory; Erez Yuli, Research Scientist, MIT Sloan School of Management.
It is no longer a good look to produce a lot of clothes. That was the conclusion of a task force of fashion industry powerhouses who gathered last week at the DealBook Summit in New York City.
Vanessa Friedman, The New York Times fashion director and chief fashion critic, who moderated the discussion, asked the collection to take over. An oxymoron for sustainable fashion.
"At this point, it's not about the chemicals," Friedman said. "It has to do with the huge amount of stuff we produce that we buy and waste."
The experts, whose work touches many aspects of the industry, agreed: Things must change, and it's no longer possible to wait to see who steps up to lead the transformation. Every part of the chain needs to be involved, from investors to designers to consumers. Friedman. Education, legislation, and business model development beyond double-digit growth are essential.
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