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.

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Why the fashion industry needs a makeover, with Imran Amed