Kunal Kapoor, CEO of Luxury Closet, predicted a growing demand for pre-owned luxury goods, noting the rapid growth of the pre-owned luxury fashion market, which reached approximately $37 billion in 2021. He anticipated that pre-owned luxury items would become an integral part of consumers’ shopping experience in the future. He also drew parallels between this anticipated shift and the used car market, highlighting the added value of pre-owned luxury goods and the significant opportunities presented by the resale trade. Additionally, he shed light on sustainable efforts in the fashion industry, particularly on companies adopting sustainable policies to mitigate environmental impact and offering rental services to achieve sustainability goals. He concluded by addressing the environmental challenges facing the fashion industry, such as resource consumption and waste production, and explaining companies’ efforts to improve their sustainability performance and adopt initiatives to reduce waste and achieve zero emissions by 2050.