The problem with your cashmere sweater

Cashmere clothing is cheaper than it used to be, and that’s not a good thing.

If you buy a cashmere sweater from Johnstons of Elgin, a 226-year-old Scottish wool mill, you might pay $450. Some other brands charge thousands. But it’s also possible to buy a cashmere sweater elsewhere for $50 (or even less if it’s on sale.)

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