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HomeLifestyle NewsFur Industry Faces Challenges with Elevation Strategy and LVMH Support

Fur Industry Faces Challenges with Elevation Strategy and LVMH Support

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Last year, the value of global fur exports fell to their lowest level since the early 2000s.

The trade in fur skins has been declining since it peaked at $14.7 billion in 2013, right before a flurry of major fashion brands said they were going fur free. Last year, the total value of global exports was just $3.4 billion, according to Euromonitor International, a near five-fold decline in the space of a decade.

The market’s challenges aren’t a passing trend. Decades of campaigning by animal…

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