Head of H&M: limiting consumption threatens the economy
20:58
More and more people are moving away from impulsively buying clothes for ecological reasons. Head of the Swedish clothing company H&M, one of the symbols of so-called fast fashion, says it is a dangerous trend that can have “terrible social consequences” and can threaten the economy.
Karl-Johan Persson, the CEO of H&M and son of the founder of the Swedish company, said that the ecological lifestyle consisting of reducing traveling by air and doing less fast fashion shopping can threaten the economy. “It may have a small environmental impact, but it will have terrible social consequences,” he said.
Persson said that the climate issue is extremely important. “This is a huge threat and we all need to take it seriously – politicians, companies, private individuals. At the same time, poverty eradication is at least an equally important goal,” he added.
