Exploring the changing landscape of the fashion industry, this chapter discusses the impact of societal trends on fashion, the shift towards fast fashion, dynamics of Paris fashion week, and pressures on major fashion corporations like LVMH.
The fashion world is at a sudden inflection point. Big luxury players are struggling, e-commerce markets are floundering, and ultra-fast players like Shein are disrupting. The Business of Fashion’s Imran Amed takes us inside the tumult, providing a framework to understand the trends and their larger economic impact. Plus: how manufacturers are adapting to new sustainability scrutiny, and the first year of Pharrell Williams’ tenure at Louis Vuitton.