How CFOs Became One of Fashion’s Most In Demand Roles
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TODAY'S MUST READAllbirds, Stitch Fix and Burberry have all named new finance chiefs this month alone as the role becomes increasingly demanding and in-demand.

  • Roughly 50 large fashion companies, including LVMH Fashion Group, MatchesFashion and Skims, have named new chief financial officers in the past year.
  • The pandemic, high inflation, slowing growth, rising interest rates, brick-and-mortar consolidation and the Silicon Valley Bank crisis have all contributed to the role becoming more crucial and demanding.
  • Fashion companies will need to balance their need for CFOs to be highly experienced with the expectation that these leaders are nimble enough to adapt to a new consumer landscape.
How CFOs Became One of Fashion’s Most In Demand Roles
big-promo

TODAY'S MUST READAllbirds, Stitch Fix and Burberry have all named new finance chiefs this month alone as the role becomes increasingly demanding and in-demand.

  • Roughly 50 large fashion companies, including LVMH Fashion Group, MatchesFashion and Skims, have named new chief financial officers in the past year.
  • The pandemic, high inflation, slowing growth, rising interest rates, brick-and-mortar consolidation and the Silicon Valley Bank crisis have all contributed to the role becoming more crucial and demanding.
  • Fashion companies will need to balance their need for CFOs to be highly experienced with the expectation that these leaders are nimble enough to adapt to a new consumer landscape.
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