An integrative literature review of sustainable luxury fashion consumption through a circular economy business model
by Mairy A. Alim; Daphne Halkias; Kenneth Levitt
International Journal of Competitiveness (IJC), Vol. 2, No. 3, 2022

Abstract: The goal of this research is to create an integrative literature review on how luxury fashion leaders in mature markets can profitably transition from a linear to a circular business model. Two conceptual models are used to frame this research: Donato et al.'s notion of sustainable luxury consumption and Chiaroni and Urbinati's concept of adopting a circular business strategy. The luxury fashion sector, which is expected to be worth 84.04 billion dollars by 2025, has been unable to implement a circular economy business model to increase sustainable luxury consumption in mature markets. The findings of this integrative literature analysis included suggestions for future study on the shift from a linear to a circular economy business model that benefits the environment, employees, and local/regional communities through sustainable business practices.

Online publication date: Sat, 03-Dec-2022

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