Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models while reversing declining sales in Europe.
Executives from companies including Chinese fast-fashion retailer Shein, Spain's Mango, and Ireland's Primark
They will discuss the challenges facing their businesses as inflation causes consumers in Europe and elsewhere to reduce spending. Tougher European regulations will also feature. "There is pressure building up from regulators on the fast fashion model which is premised on high volumes and affordable prices," said Valerie Boiten, senior policy officer at the Ellen MacArthur Foundation, a non-governmental organisation that works with H&M, Inditex, Mango, Primark, and Zalando.
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