New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/e_EFSbfU #NYCFashionWeek #Fashion ?? ?? ??
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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/gTNu6hEZ #NYCFashionWeek #Fashion ?? ?? ??
New York Daily News Op Ed: Renew NYC’s crown as fashion’s capital
mckinsey.dsmn8.com
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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eUjRiMdx #NYCFashionWeek #Fashion ?? ?? ??
New York Daily News Op Ed: Renew NYC’s crown as fashion’s capital
mckinsey.dsmn8.com
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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eAN-fXBY #NYCFashionWeek #Fashion ?? ?? ??
New York Daily News Op Ed: Renew NYC’s crown as fashion’s capital
mckinsey.dsmn8.com
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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/ez2-x7hE #NYCFashionWeek #Fashion ?? ?? ??
New York Daily News Op Ed: Renew NYC’s crown as fashion’s capital
mckinsey.dsmn8.com
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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/dUkXX6Em #NYCFashionWeek #Fashion ?? ?? ??
New York Daily News Op Ed: Renew NYC’s crown as fashion’s capital
mckinsey.dsmn8.com
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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Jo?lle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eUFJqPU4 #NYCFashionWeek #Fashion ?? ?? ??
New York Daily News Op Ed: Renew NYC’s crown as fashion’s capital
mckinsey.dsmn8.com
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Every industry needs awareness with respect to job Opportunities and job Roles and job Formats and job Hierarchies and job Inheritance and job Environment and job Ethos, pertaining to that industry...and yet much more is lost in translation from meritocracy to industrial bargaining! Something of much style and chutzpah has had me hooked since past few years...a YouTube documentary by British Vogue where the most lovely Alexa Chung investigates "The Future of Fashion [...] in New York" with respect to of course the US/global market. Its insightful, not sure if it stands to current fashion-industry landscape since the doc is from 8 years ago! But it does enlighten as to the much unknown aspects of how the 'CEO' is a collaboration into starting and running a fashion brand through people from many walks of...skills and awareness and experience and talent, coming together fashionably at all instances of business development. Businesses Mentioned: VEDA NYC ALTUZARRA Opening Ceremony Black Frame K-HOLE The Wall Group Fashion Law Institute, NY/Susan Scafidi ManRepeller.com/Leandra Medine Some #Insights to explore further: #CollaborationIsKey #WomenInCsuiteRoles #FashionInAnImage #WhatAboutAItho #DidReallybigsleevesHappen #CEOsKnowTheirStuff #ProtectionAndLegalityMatters #ProtectingCreativity #IntellectualPropertyProtection #WhatAboutAItho #ModelAlliance #FashionLawExists #KnowYourBusinessLegally #BloggingHappened #BoogersandbagelsLolz #UnderstandingMetricOfSuccess #PassionReflectsPassion #BeReallyNiche #BeStreamlined #justBeEverything4Someone #PrioritiesMatter #BeVulnerable #STORYTELLING_IS_AN_OPPORTUNITY (also, is traditional men's fashion man-repellant-fashion in its own way!?!) https://lnkd.in/gizEREby
The Future of Fashion with Alexa Chung in New York | British Vogue
https://www.youtube.com/
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How Carolina Herrera Got Succession Right Carolina Herrera is one of the hottest fashion brands in New York today, and the decision to pass control from the 79 year old woman founder and leader to a 31 year old man turned out very well: the company which owns brands including Jean Paul Gaultier and Dries Van Noten has seen sales rise by 40% to more than $3.6 Billion in 2022 and double digit growth forecast for 2023. Given that age is such a prominent discussion in the media today, and that in the fashion industry there are several succession plans to consider shortly (Giorgio Armani is 89, Miuiccia Prada 74, and Ralph Lauren 84 for example,) it is vital to understand what makes succession work. Incoming CEO Wes Gordon noted that in his initial meeting with Herrera "I can’t emphasise enough the importance of establishing that trust. We were very different, but also, in many ways, were able to find beautiful bonds.” The transition has proven to be very successful, and for example the brand's number of domestic wholesale "doors" has more than doubled. Importantly, Gordon has respected the DNA and spirit of the brand and a passion for what fashion represents: "What drives me is a total awareness of the vast amount of beautiful clothes that exist in the world, the options that are available to women today. I want to make sure that if she chooses something from Herrera, it is perfect.” Gordon notes that "customers have been some of my greatest teachers." Importantly, Carolina Herrera has confirmed their positioning with a solid #strategy and brand approach: “Regardless of if you’re selling a lipstick or a dress, at the end of the day, you need to send a unified message that you’re a unique brand talking to the consumer,” said Ana Trias Arraut, Carolina Herrera’s chief brand officer in an interview with Business of Fashion. And as with every great brand, the people know what their superpower is and embrace this: "There will always be a client who wants beautiful, feminine, elegant clothes, whether it’s for day or night,” explains President Emilie Rubinfeld. “That’s our superpower.” Herrera has dressed some of the most famous women in the world, including Jacqueline Onassis, Renee Zellweger, and Michelle Obama. How well does your Strategy espouse the values which will guide decision making into the #future ? What do you think about the success of Carolina Herrera in transitioning so well with a #succession plan that builds on the strong heritage of the brands? Strategy is Mastery. https://lnkd.in/drGHg5Ja
How Carolina Herrera Got Succession Right
businessoffashion.com
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In this poignant personal essay, Finn, a 5'10" slim black model from the South, bares her experiences navigating the racial divides and cultural segregation within the high fashion editorial world. Despite possessing the rarified measurements and stature coveted on runways, Finn details the paradox of feeling like an outlier in multiple spheres - too slender for celebrated body ideals in her Southern roots, yet still excluded from elite European luxury circles due to her ethnicity. With searing honesty, Finn confronts the dichotomy of luxury brands readily appropriating urban aesthetics for marketing while gatekeeping who gets embraced as the epitome of sophistication. She questions whether to persist in dismantling biases from within or forge autonomous spaces celebrating underrepresented narratives. The essay is a nuanced exploration of belonging, redefining beauty standards, and Finn's pursuit of advancing an inclusive vision of luxury beyond narrow corporeal confines. #FashionEssay #LuxuryRedefined #BeautyBeyondBinary #ModelDiary #RepresentationMatters #SouthernRenaissance #BlackExcellence #InclusiveEditorial #ExpandingLuxury #BodyNarratives #ModernSophistication #FashionVoices #PeripheralPerspectives #UnboundingBeauty #CulturalCurrency
On the Periphery: Navigating Fashion’s Segregated Sophistication
link.medium.com
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“What does it take to change an entire industry?” ?? Last month during a trip to London I checked out the Naomi:In Fashion exhibit at the V&A Museum highlighting famed supermodel Naomi Campbell—a trailblazer who transformed fashion through her authenticity, resilience, and undeniable influence. Her legacy isn’t just about walking the runway—it’s about breaking barriers and redefining representation. Key takeaways: 1?? Timeless Vision & Authenticity: Naomi’s influence goes beyond trends—she’s always stayed true to herself. How can we, as creatives, build legacies rooted in authenticity? 2?? The Power of Representation: Naomi’s journey paved the way for greater diversity in an industry that often resisted change. Her success is a reminder of how important representation is, both on and off the runway. 3?? Collaboration Fuels Innovation: Behind every defining moment in fashion is a team of artists, designers, and visionaries. It’s a reminder that innovation thrives when great minds come together. Her journey reminds us all that true change happens when we challenge norms and create space for new voices. How can we continue pushing for diversity and inclusivity in every industry?
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