Fashion
November 11, 2024
The outlook for fashion, both luxury and non-luxury, is challenging, per a new report from The Business of Fashion and McKinsey & Company. Image credit: McKinsey & Company
By Luxury Roundtable Intelligence
Several factors, both economic and geopolitical, will affect the growth of the luxury and non-luxury fashion business in 2025.
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","iv":"885f683083971d78962a5f6243719729","s":"fec7fbb42db72cca"}
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