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Masters of Scale
Rapid Response: Why the fashion industry needs a makeover, with Imran Amed
Jul 2, 2024
Imran Amed, founder of The Business of Fashion, shares his expert insights on the fashion industry's current turmoil. He discusses the challenge big luxury brands face against ultra-fast competitors like Shein and the growing importance of sustainability. Amed also examines Pharrell Williams' innovative leadership at Louis Vuitton and the critical need for the industry to balance creativity with business metrics. He emphasizes the necessity for adaptability in navigating disruptions and calls for a shift toward more sustainable practices.
29:52
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Quick takeaways
- Fashion industry faces challenges due to corporatized approach impacting creativity.
- Importance of reducing waste and enhancing profitability through transparency in supply chains.
Deep dives
The Impact of Paris Fashion Week on the Industry
Haute couture shows represent the top tier of the fashion pyramid, offering custom-made garments to exclusive clients. Brands like Dior and Chanel face challenges amidst a changing industry landscape. Imran Ahmed discusses the struggle due to a corporatized approach, impacting younger designers and the overall creativity sector.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode