The Business of Fashion Podcast

Extreme weather is wreaking havoc on the fashion industry, particularly in developing nations. As heatwaves cripple workplaces in countries like the Philippines and India, experts highlight the urgent need for sustainable practices. The health of garment workers is at risk, with rising temperatures leading to alarming rates of heat-related illnesses. Innovating the supply chain and fostering collective responsibility among brands and farmers is crucial for survival. The discussion reveals the interconnectedness of climate change and the fashion world, calling for immediate action.

Alessandro Michele, the innovative creative director of Valentino, is known for his unique, often contentious designs, while Jacopo Venturini, the CEO, focuses on fostering a human-centric culture. In this conversation, they reveal how their history at Gucci informs their approach to revitalizing Valentino, blending its heritage with fresh perspectives. Michele discusses the joy of creative freedom and the emotional ties that underpin their work. They explore the balance of creativity and strategy in fashion, promising exciting directions for the iconic brand.

This discussion dives into Nike's turbulent year, spotlighting declining sales and leadership changes, emphasizing competition from brands like Adidas. The challenges within beauty brands regarding transparency and social media controversies are also examined. Moreover, the rise of affiliate marketing for influencers and its legal battles is a hot topic. Finally, predictions for 2025 highlight the growing importance of values-driven purchasing and sustainability practices in fashion.

Bohan Qiu, a publicist and consultant well-versed in grassroots fashion movements, discusses the evolving landscape for independent designers. He highlights the shift towards direct-to-consumer models as multi-brand retailers face closures. The panel emphasizes redefining success by valuing sustainability and community impact. With young designers connecting through youth culture and digital storytelling, there's an awakening of creativity. Qiu also addresses AI's role in supporting traditional craftsmanship rather than replacing it, advocating for robust support systems for emerging talents.

Sarah Kent, Chief Sustainability Correspondent at The Business of Fashion, discusses the precarious state of DEI and ESG initiatives in the fashion industry. She highlights the performative nature of many DEI efforts established post-George Floyd and questions the authenticity of current sustainability commitments. Kent warns that recent political shifts have led major brands, like Walmart, to retrench their initiatives, emphasizing the business imperative of meaningful change. The conversation probes the disconnect between ambitious promises and actual progress in a volatile landscape.

Jens Grede, co-founder and CEO of Skims, and David Allemann, co-founder of On, explore how their brands navigate the fusion of fashion and sports. Grede emphasizes that innovative product development is crucial, sharing insights into Skims' standout fabrics. Allemann recounts the humble beginnings of On, starting from a garden hose prototype to groundbreaking footwear. They discuss how sportswear now expresses personal identity, transforming into lifestyle statements, and the importance of authentic collaborations to enhance brand relevance.

Retail editor Cat Chen and e-commerce correspondent Malique Morris delve into the booming $50 billion resale market, discussing its evolution from thrift stores to mainstream platforms. They highlight how consumer convenience has destigmatized secondhand fashion and the role of sustainability in shaping this trend. The conversation explores the challenges established brands face, including changing commission structures and the complexities of navigating online returns. Innovative strategies for reselling unsellable goods are also examined, showcasing a dynamic shift in the fashion industry.

Michael Kliger, CEO of luxury e-commerce platform Mytheresa, joins Lauren Santo Domingo, co-founder of Moda Operandi, to discuss the recent downturn in the luxury market. They explore how rising marketing costs and competition have impacted profitability, as well as the transformation of the sector post-pandemic. Kliger emphasizes the importance of preparedness amid economic challenges, detailing innovative customer engagement strategies and the shift towards long-term relationships with clientele. Tune in for insights on navigating this complex landscape.

Simon Porte Jacquemus, the French designer famed for his vibrant and playful take on Parisian fashion, shares insights from his remarkable journey since 2009. He highlights how unconventional marketing tactics propelled his brand into the spotlight. Jacquemus discusses the challenges of staying independent in the luxury market and the importance of creative visibility. He also reveals his strategic expansion into New York and London, fueled by his passion for crafting unique retail experiences. His approach champions fun as the cornerstone of creativity.

Daniela Morosini, a beauty correspondent known for her expert insights, discusses the tumultuous journey of billion-dollar beauty brands. She highlights how brands like Glossier and Morphe thrived through social media but now struggle to maintain sales. Morosini emphasizes that sustaining growth is tougher in a saturated market filled with competition. She argues for the importance of intentional growth strategies and innovation, providing examples like the revitalization of Urban Decay's Naked palette and emerging brands like Rare Beauty that are redefining beauty's landscape.