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Global Exchange has been selling fair trade home goods and apparel in Noe Valley for a quarter of a century. And even after surviving the 2008 recession, a rent increase is forcing them out of business this spring.
The owners write on their website:
We stand in solidarity with the growing number of families and local businesses who have also been affected by this surge in rental rates. This closure is not a reflection on the state of Fair Trade business, but rather a reflection on the shifting face of a city that is no longer able to foster the growth of small, local businesses.
The entire letter is worth a read. The Global Exchange Berkeley location (2840 College Ave @ Russell) will remain open, and the company plans to relaunch its online store in the fall.
· Closing: Global Exchange Fair Trade [Noe Valley SF]
· Choosing Fair Trade Over High Rent [Global Exchange]