Fashion brand fashion company Fashion Valley mall to close due to climate change

Fashion brand Fashion Valley Mall will close as a result of climate change, according to the mall’s CEO. 

The mall’s board of directors approved the closure Friday. 

“We can confirm the closure of Fashion Valley due to the impacts of climate.

We are committed to meeting our commitment to clean energy,” the mall said in a statement. 

Fashion Valley has been a fashion destination for over 30 years, and its signature products have been a part of a slew of pop culture events, including the MTV Video Music Awards, the Oscars, the White House Correspondents’ Association Dinner, and the Grammy Awards. 

In a statement, Mall of America president Kevin Riedl said, “Fashion valley is a great and important part of the brand’s history and culture, and we will continue to work to make our mall a place that inspires and inspires everyone.” 

The company is not expected to reopen before the end of 2020, according its website. 

More from GlobalPost: Fashion industry leaders demand action on climate change as global warming hits record highs Read moreIn January, the mall was targeted for a major restructuring, which saw it sell its clothing business, a deal that was announced in April. 

However, the Mall of Canada is also expected to close on Friday.

In November, the Canadian government approved the sale of about 2.4 million square feet of retail space at the mall, which is one of the largest malls in the country. 

Mall of Canada, the nation’s largest mall, will shut down for good in 2021. 

Other retailers have also faced closures as climate change increases the risk of extreme weather and extreme weather-related disasters. 

As of Friday, the Global Warming Solutions Network, an alliance of industry groups, had already pledged $7 million to help support efforts to reduce the threat of climate-related extreme weather, such as heat waves and wildfires.