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Mara Hoffman is closing her award-winning sustainable brand because of overproduction. This is what her story tells us about the fashion industry: ✂️ Renowned designer Mara Hoffman set high ethical standards for her brand, earning her the 2023 CFDA Environmental Sustainability Award. Still, in an interview with Vogue, she now announced that she’s closing the brand. Why? She realized that running a sustainable yet financially prosperous brand in 2024 is not fully possible. One aspect is the high costs of using sustainable materials, but an even greater problem is overproduction. Brands are globally producing between 15-45 billion unsold clothes every year. 🛍 The overproduction problem is directly linked to the core structure of the fashion market. The competition is so fierce that to grow, you have to be present everywhere, and growing revenue means increasing volumes. This inherently increases overproduction, as accurately predicting demand in an industry with constantly changing trends is not possible. So, where does this leave brands? ♻️ Eliminating overproduction is impossible as of today, which is why the industry has to wake up and take responsibility for sustainably managing the overstock that is left. There are multiple available channels, but brands need the right tools to make better use of them. 💙 This is why FINDS has set out to help brands make the most out of every unsold product. We are the solution that connects and speeds up the trading process of overstock with circular actors like off-price retailers, charities, and recyclers. Contact us through our website for more information.

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