Sustainable Retail Is A Myth, But The Risk Of Hypocrisy Is Real
According to a 2019 report by The Stakeholder Project, private equity-owned companies are “twice as likely to go bankrupt as public companies,” with 10 of the 14 largest retailer bankruptcies between 2012 and 2019 happening at private-equity owned companies. With ever-more onerous ESG requirements and government regulations emerging around the globe, capital available for the retail industry may shrink and brands will be under even more pressure to do about sustainability what consumers overwhelmingly say they expect: MORE! Checkout latest…