‘A tough sell to CEOs’: Fashion sustainability is taking a hit in the current economy – Glossy
July 10
09:41
2023
Fashion sustainability is facing challenges, as material companies offering better solutions struggle to secure adequate support.On July 30, American firm Bolt Threads made a surprise announcement that it had halted the production of its mycelium-based leather alternative, Mylo, which launched in 2018. Bolt Threads has raised a total of $213 million, most recently with a Series D funding round in 2018. The company did not respond to a request for comment in time for publication.
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Source: ‘A tough sell to CEOs’: Fashion sustainability is taking a hit in the current economy – Glossy
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