The Business of Fashion | The Worst Year in the History of Modern Luxury | The Business of Fashion Show @businessoffashion | Uploaded October 2021 | Updated October 2024, 8 hours ago.
2020 was the worst year in the history of modern luxury. Before that, annual revenues for the luxury fashion market in 2019 topped 380 billion dollars. Unforeseen consequences of the pandemic came to light, and luxury revenues plunged by over 20 percent. However, by the first half of 2021, revenues for some of the biggest names were up as much as 40% on pre-pandemic levels, delivering record profits. Now, there is a reawakening in Paris, the global capital of luxury fashion.
Watch the full episode here: youtube.com/watch?v=SoNu7gNl1I4
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Look out for more VOICES videos coming soon, bringing you the best of our annual global gathering for big thinkers.
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ABOUT THE BUSINESS OF FASHION: The Business of Fashion is a next-generation fashion media company conceived for today’s global and hyper-connected world. Founded in 2007 by Imran Amed, BoF is known for its authoritative, agenda-setting point of view on the global fashion industry, and is an indispensable resource for fashion executives, creatives, students, and entrepreneurs in over 200 countries. It has been described as “The Economist of Fashion,” “A Daily Destination for Fashion’s Power Players”, and “The Industry Bible”, businessoffashion.com
2020 was the worst year in the history of modern luxury. Before that, annual revenues for the luxury fashion market in 2019 topped 380 billion dollars. Unforeseen consequences of the pandemic came to light, and luxury revenues plunged by over 20 percent. However, by the first half of 2021, revenues for some of the biggest names were up as much as 40% on pre-pandemic levels, delivering record profits. Now, there is a reawakening in Paris, the global capital of luxury fashion.
Watch the full episode here: youtube.com/watch?v=SoNu7gNl1I4
Subscribe to BoF’s YouTube channel to never miss a video.
Look out for more VOICES videos coming soon, bringing you the best of our annual global gathering for big thinkers.
CONNECT WITH THE BUSINESS OF FASHION:
Web: businessoffashion.com
Twitter: twitter.com/BoF
Facebook: https://www.facebook.com/businessoffa...
Instagram: instagram.com/BoF
LinkedIn: https://www.linkedin.com/company/the-...
Pinterest: https://www.pinterest.co.uk/fashionbu...
Newsletter: https://www.businessoffashion.com/new...
ABOUT THE BUSINESS OF FASHION: The Business of Fashion is a next-generation fashion media company conceived for today’s global and hyper-connected world. Founded in 2007 by Imran Amed, BoF is known for its authoritative, agenda-setting point of view on the global fashion industry, and is an indispensable resource for fashion executives, creatives, students, and entrepreneurs in over 200 countries. It has been described as “The Economist of Fashion,” “A Daily Destination for Fashion’s Power Players”, and “The Industry Bible”, businessoffashion.com
