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.
PARIS, France — France's anti-competition regulatory body has fined 35 modelling agencies over a decade-long practice of fixing prices, saying the tables established each year were illegal.
Thursday's decision came in the midst of Fashion Week, a particularly intense time for both modelling agencies and the men and women who work for them.
The agencies were fined a total of 2.4 million euros ($2.7 million). A total of 37 companies were implicated in the case but two have since discontinued operations.
According to the decision, the agencies used the models' salaries as a base and built in a markup of 30 percent in the prices passed on uniformly to clients.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.