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Amidst global COVID-lockdown, PETA buys stocks in Ralph Lauren, Versace and Coach to promote wool ban

Even amidst the COVID lockdown, PETA or People for the Ethical Treatment of Animals is constantly striving to attain their goals. 

With the stock prices hitting an all-time low for many companies, the animal rights organization bought stocks to a lot of major fashion labels to push their agenda of banning wool. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Coach (@coach) on

 

Recommended read: Rihanna receives PETA's Compassion in Fashion Award for Fenty's faux-leather collection

PETA purchased stocks at nearly a dozen fashion and apparel companies in the hopes of pushing those brands to ban wool, mohair and cashmere, after their efforts of refraining the use of leather, fur and exotic skins. The list includes  Ralph Lauren, Urban Outfitters, Guess, Burberry, Chico's, Express, J. Jill, Deckers Outdoor Corporation (parent company of UGG); Tapestry, Inc. (parent company of Coach NY, Kate Spade and Stuart Weitzman), Aritzia, Lands' End, Capri Holdings (parent company of Michael Kors and Versace), Target, Under Armour, Kering SA (parent company of Gucci, Saint Laurent and others) and Qurate Retail Group (parent company of QVC/Home Shopping Network).

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Ralph Lauren (@ralphlauren) on

"Today's kind consumers want to support companies that share their values and sell chic and comfortable vegan sweaters and coats only," said PETA Executive Vice President Tracy Reiman in a statement. "PETA is heading to the boardroom to pressure retailers from Ralph Lauren to Urban Outfitters not to sell items that animals suffered and died for."

Well, what are your thoughts? 

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SOURCE: Fashionista.com)

 

 

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