Dion Lee, Mara Hoffman, and the Vampire's Wife

The fashion industry is facing a challenging time with funding becoming harder to secure from investors. Brands such as Dion Lee, Mara Hoffman, and the Vampire's Wife are experiencing difficulties, possibly due to cash flow problems. In the past, brands could rely on investor funding to weather bad sales periods, but with the current tight funding environment, there is less room for error. The closure of Route 21, which laid off most of its employees, further highlights the tough situation in the fashion industry.