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Activism

April 07, 2020 - Fashionista

PETA Just Bought Stock in Ralph Lauren, Urban Outfitters and More to Push Wool Bans

PETA Just Bought Stock in Ralph Lauren, Urban Outfitters and More to Push Wool Bans
SheepCredit: PETA

Thanks to the economic fallout from the Covid-19 pandemic, stock prices are at an all-time low for many companies. This is not great news unless you're PETA, and have developed a strategy of buying up stock at major fashion companies in order to push your anti-animal product agenda at board meetings.

Last Wednesday, PETA purchased stocks at nearly a dozen fashion and apparel companies in the hopes of pushing those brands to ban wool, mohair and cashmere, specifically. As we reported last year, the organization is focusing on these materials after seeing success from its efforts to push brands to ban fur and exotic skins.

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