Skywire

  Fashion has rarely been the most predictable of sectors even during favourable times. However, it would appear that – in the words of McKinsey & Company – the industry is looking towards an especially “tumultuous and uncertain 2025”.  The American multinational strategy and management consulting firm has released a report, entitled The State of Fashion 2025 , indicating that the industry will face “challenges at every turn” through the year ahead.  However, there will still be growth opportunities – for those brands that are able to find them.  Has the long-predicted “negative environment” for fashion brands finally come to pass?  Declaring that a “long-feared cyclical slowdown has arrived”, McKinsey & Company stated that the global fashion industry has been confronted with a dynamic market, economic uncertainty, and shifts in consumer behaviour. The organisation added that brands’ efforts to hunt out avenues for growth in 2025 would mean “na...

  LVMH’s reputation has long been one of a luxury giant that somehow weathers economic storms better than its competitors. This makes it all the more startling a story that for the three months to the end of September, group revenues fell to €19.1 billion (£16 billion) – a 3% decline compared to a year earlier.  Furthermore, the French conglomerate’s fashion and leather goods division – widely seen as a bellwether for the luxury goods industry – saw its sales decline by 5%.  Those aren’t figures that constitute disaster for the Louis Vuitton owner’s annual revenue. However, such pronounced stagnation in the group’s fashion and accessories portfolio does indicate the sector may now be undergoing a more challenging period, after a golden age of growth in recent years.  Even LVMH can no longer avoid certain pressures   Brands from the LVMH stable were highly visible during the summer Olympics in Paris, which adds to the sense of surprise that the boo...