The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
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OXFORDSHIRE, United Kingdom — The key forces colliding and transforming the global economy each, on their own, are "larger than any economic force we've ever seen," said Richard Dobbs, senior partner at McKinsey & Company, in his December presentation at VOICES, BoF's new annual gathering for big thinkers.
Of course, pulling off the fundamental business transformations that are required in the face of these challenges is not easy, but something that is achievable if fashion's leaders are optimistic and build the capabilities to innovate.
Agility is critical, said Dobbs. “Both Netflix and Blockbuster had business models that weren't going to survive — one was agile and responded, and the other didn’t.” Survival will be easier for companies that don’t try to do everything themselves, he added. "Uber didn’t make cell phones."
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VOICES is BoF's new annual gathering for big thinkers in partnership with QIC Global Real Estate.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.