
The Business of Fashion Podcast
Why the Fashion Industry Needs a Makeover
Jul 12, 2024
Imran Amed, fashion industry founder, and editor-in-chief, discusses the stifled creativity in the fashion industry caused by the focus on business growth. They delve into the challenges faced by independent designers and the impact of fast fashion giants like Shein and Temu. The conversation highlights the need for innovation and sustainability in the ever-evolving fashion landscape.
30:50
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Quick takeaways
- Fashion industry's growth focus stifles creativity, leading to a homogenized market.
- Independent designers face hurdles due to corporatized industry dynamics and challenges with sales terms.
Deep dives
The Influence of Haute Couture and Luxury Mega Brands
Haute couture, like the recent Paris Fashion Week, represents the epitome of fashion, with meticulously crafted clothes made for individual clients. The industry, dominated by luxury mega brands like Dior and Chanel, faces challenges amid slowing sales. The impact of high-end fashion trickles down to even ready-to-wear and fast fashion markets, reflecting a critical inflection point in the industry.
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