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It does not reduce the amount of textile waste produced, but it does source low-impact materials like silk, exotic animal skins and hair, or angora.<br><br>Misguided<br><br>One year after the collapse of Manchester-based fashion online retailer Missguided, it's time to think about whether this is the start of the end of the fashion industry's dependence on low-cost, short lived, high turnover clothing. The collapse of this business that has turned into less than what it used to be and was acquired by Chinese fashion company Shein as part of a pre-pack administration deal that should serve as a warning for other companies.<br><br>Established by Nitin Passi in 2009 The company was a rags to riches success story. It became a favourite for the Instagram generation with a focus on young women. It even launched a brother label, Mennace, just for males. 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