Ugly Christmas sweaters become multimillion-dollar trend: Report
FOX Business’ Neil Cavuto, Fox News Headlines reporter Carley Shimkus, Variety senior correspondent Elizabeth Wagmeister and Capitalist Pig hedge fund founder and manager Jonathan Hoenig discuss the impact ugly Christmas sweaters have on the market and consumers.
The ugliest Christmas sweater of the year may come from a water filter maker.
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German-based Brita, known for its water purification systems, launched “The Ugliest Ugly Sweaters,” a line of five ugly sweaters made of single-use plastic waste. The promotion calls attention to the negative impacts these items can have on the environment.
Nearly 80 million tons of plastic packaging is produced around the world each year and plastic waste is estimated to cost around $33,000 per ton in related environmental costs.