Everlane founder on sustainable clothing, stepping down as CEO and navigating the current economic landscape
Michael Preysman, the founder of direct-to-consumer apparel company Everlane, joins CBS News correspondent Errol Barnett to discuss what was behind his decision to step down as CEO and take on the role of climate lead and executive chairman at the brand. He explains how Everlane works to provide "radical transparency" in pricing and sustainable clothing to consumers who "wear their value on their sleeves." Preysman shares on how the company is navigating supply chain disruptions, rising inflation and a possible recession; while adapting to changes in consumer behavior.
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