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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8K3nU4SssE79+SHgCxvo5hseJtHcuKdp5TWcRZG1VURbbeHuK7Bst\/ky+D7rYCXgXf1vFhU3MQG90qTu9lagn3nV0cuDHBh9cVHoFqbR7H6F+kHhCqqNTOsd0\/yA\/y1FcDIpLiSoBUTiZm2x\/Q5N+lvqnIQlsa6jmKC6lhUQHxMGuf9LxXwJeYvgcZGX0VhcuVZoON7G\/Ty4aJdwwsTtUOGLsDMdNCxCa0EgecP\/uVgPpv\/PHA6A801cW7dEQa3dy\/L2nJAMPjsiirPyxMmhY9oJYMQ0ifcr4GWnwDS5BgDSLjMsxDF5itr3FHgrtxJWQMpGP+URaufYkrXNOTNxQ60aBurK3W6VlfyIXLFtNfpvR3l3h3jd0nEyQNPO1Wy8g6tN7Z0L8sfyzbV2ZdARKvVpJ1S4d9MG5ZZOrEt1wBjSVPpbgPGZ14xIResllQQrZ1qVS1XjOV1aOQTHyu3ihLbYVd2iNw8I1HxXRtLM1xxG8Lu2WPys7tgFon15yFf6bosiu4Xx\/1uh0MojifLHVaCz59fEriZv3vhwutnIBUC2yWBNVcs9Ahdxhq7TA6zSgLOCkdIF6iZ\/sIH96MMT3IbsgdSpoAztoJGj0dplEhOjCTDi8l7DUmzmH8\/FqpGydsKf\/QVODzwscIUYlsa\/Z8LgESkyCQTeOZ99KRHtZif6zGD\/7Fo78mF578YdOzaNiVSTl+Js8xykHNnB2cIy7inm0wsUD6ZfyA1RKhQ2tUjQeJuLwXtSsc2MY44UPIBsgFdpYHq8uqQTVw7KjS95UtHrS+I8f+NlThJHFarNEU5\/xxPLEQhlNkugpGqsKGwpal64LHMygKWJG4189u75ZeRFYztvGMuSrFmoKJ6JKz\/IKDMK+SWK2aLVcGJhMN2Yo7vm9lA0+dApNr+b1oe5Gd7r+Bn7bBuwtmqKg1dOddRakJwrEVncI6Pyihq4TebJA7k3pymNekAnLQFvCjfPewZU\/zWbA7YxoPz09xZQ2jWFT8OLesCewYEYF34yd\/nritUG8hMfjbYyzRx6UEXyIJVr0zT2oxHRE94isKA+yN4Bo1K4GRyMDbHGlOJVRycG0\/gxVgSEe0MpCsglAGvHHr59+e4cx+5FaUzPYXGr\/nn\/bBGK3jPmasjjP+0tUy1FMalTZeWHvhgu0995cSBi9pPSlRqjHy71BPpc1lrkzh1KDLZEbzB4XjXSYiD0XZiuBRTub9Oyr7vW\/Vr6NPdbZZOvb9Df5m3A0JtuV25xKW6M51cqM\/dZiOcr3eFAqOui3ChTu25C9PvUlMFTtKg9P9PEW7xZcOR6h5oW76tDubSHBs33Aci86m6pV8bdAG7u+3usVmgChSM9NHhc1VgCfNDFnoRadjabd9kHSVurtcYJRGQse\/s7gePElc9mhAMo0wJra+Znvzg2VGt6SGTXBBM7OCRA\/pXyL0g6Jz0GjhrZ5zIMVdQjd3D7aciQSxWSl2dSSiOqC+xiL9vYxbuKhgJ23cW+F+90ZX+UpB7Ys3qjq1\/Tkinbf8cdB71jBq38LcIhThQIizho0Zcw7Laowk9RZnC4dVAF7mJ0xHbZdPg+8qSh8lZt2NMWw4QM4lXiMas1foJm8xG\/oa++CfL92O+fRSPQ2DJk9mCYyVKSz+Ylqd5JWkPnMw6NVKZZwxEv7acqdlopdo6I7EpDb5JLk25UE29ScNzeI8l0PV3zKAH+OnDH6LHVScRR632yWgao4\/HwDZFS7KELnK0zAn0TEknLdjW1QZ9Fakqg9d8j4bU7Cogmci\/n\/5+woPCXCLHzYuBELu3J42s\/YmZkraW\/RLba86brJ4ECZf4xpyyeRfOgl6YmNajqHSMiLKjyNtsl0yXjZ5InBVAhHkGeW7C1GAv0yYSEYc1tpAkspIiESRraUIhNB2IH6y\/iULzcW+yCS3X4\/SHN7AHm6J8pyBXMO3A4fb8B5MLJPiUTHyURkAVEgLK0zQHPEH+WXRU1\/pSi2E+fSHFe\/pujiLYzj4bEz\/i13jVfwJc3OI7UU\/kOYo8GEXoreXqWfxzjFawv17Z+jxoCcq2CnMwhSjagDAZB78uG7+jQT3iRQrKjKuCPVhsYOC76PZNDlpWJWHcSrKtMlQlTIFccyBmgM+kKvPYuaHtZdmT2SlvkpEiZVdGbUpBgMfgIR3XBiaZXCqQVvA4p1xbmaKR96YxLLHwdnpUq74hHSIXdJTM3WFNjSuLMUPQPpe6KSNntt57V+7Uh\/TcKEyVsMywYJA7LQsZSSCy7JpAJ7X2UbyNS5NRlKf0TFdHxnhrMEVp6j2mIU0HOwqyLWZCv\/ex00JxqcqqXFdj2Qbq05opMKPSzckm2UR+Cf+CoAjO9vkuwqL27FkHigUEQXOnMtkopnC6AT\/URGIEoN5\/dwDSez0yH5bBs7c5kX3UOyZInY57a4u6unfih1mE1\/yEgJbiJrFlsWQ\/8hjunMHnE\/IC9YjJ8SILzMknJewQM4ioXvnJLL3sth3BpsRHhSOnyvwkUrzdbNWwTLFlSMvylRHUqIrbTmaPP27MQkn1e1hiJPWR2nuVFuZPmGMKeca5AlpSIJPz67ipk0E\/oS9vbxUJLXjaPe3RHY8KW0fvOZ9kyxIZk8scCaRQp8xL9MSizVe91rl9QoDu5yUp3Pc3vQy0ELG0\/h5ACnWeVlRNnzUmswPrdst5oQxRj7QzJoAP\/kuQLW7e52rSsAqlvFtjVOPRKsoIIYfRNI+rQ9oAVI7FoFNv39B8qxWYH9X2iEIlahKZbo8GODSJIWudau0BiPwQUzynBa\/epsKiSxFASR5M2Yl8v7KXUdzm1wCUUxLaf6JqOvOy97RTiHDHaZyUNxtRZT9ywrOjCSHcQYdPi7DN\/1wnesPvXFEPHvru9UJIizbV3Meq06us4bKuUAoc3EjvF4SZhPHHxYEmH1pKIoqcTFMYCfd5us\/a4IshcbOT16QrnRnN5b5xi5QrovsGjK3GC5qLyx3DVUn5tuZfVvsKPukoA3WfrDlLhA+53ZoZy+fT3NA0TViSUoaZJAH6nB+KsAHHaayQxLaoc7ql6PWJRuc1x\/jSiKpm6U3cxt+ZkjmvVAeRiIF\/tuRQBCjdY3wZcE61431xWFOLkRBg7pQ59Dwu+QMbO8a7Hi\/SiculQDdkhsz1PIwvoD2aAAFVXyeV+Bnzd3KMvTU0Z65oeoAu\/Z1+Ca+tbRt+u8BaaJeOWTXQWF5yrrQdhZnhe+aYo0fUc7nFTu4PWRsHoYcdwTnCaECJ7IhO8ax0caQkz4aDbSw\/8JkGGCQ7qvtffXiKV69oQyApJP7ZjDeav82EisNixokWKPpTrlz\/U8zP\/Y6vfc9KOdfz8TnKZCL+\/9VNXncphX6OZepYsznDelmM9tc1eKuVfDiYxIqwA3pT3DZaOApx7taLH2xgEtfBFSIJgGIXYHUMsROzHhPw7TLMQywwca+9qwAnIY+fsN\/5GohXgJKzmMsAD7H7rA\/Pcebxd4zX3hn2Qx9lmPKMaohMY1XeIPyWltx9puPZzfuF2ar1I24PgsuQSlNNGFMX1Gd1283n+t3BOon8+LkBUROLi8TYIBBtlV4OzM2SsmF64LhpyxcwBfxVApTWpQtVp8BYH3siI7tHS2itQ6AGf5miUjUqg3+mjtvqDgqg6N9O3+tT+o1PR0vnrW417JPfAgSTdCUxjN3oj66GqRfnVJ49o3Rb2xUfr3K7n0\/7jsjKrWqAjeakqPMbQF5J6ytJ\/VCvys8e0EUbcnm2PyuAF6kiP1\/8HOn2FEQ\/kbB3xjebH5sg\/eNvPPHkozRSe2EGUfv1ycSKTXBQgth7rP9HHrwAomV5jfYPZqp8tUaFMG0zkx+HIGeIq0YNhSQqcHUMFS0eCpBaMwdn\/gj67iB3Y8qYNycgHX\/w0dcUzlFiNozm75L3fn14zl5x9IvuFPHDRVMCKT6iVwEbzIAr44ZlP9zrqLG+4IJhRVZhMXsUKznxnhB6B7qljkGmo9KEwUScHP0FewZeNV\/wR4t6bhHqlcgIkftyUVdK9BeK26iciZghz4GXQovQTxcW0t\/lrKq5LmNyVY3iWplzooolPPPveB6NWTa0aQxJM+8brZhBZEh3RnnCIQ2IIyzZwMgMhgSpwo9KGfxLs7+KTm0949KPRHNFnZfmWnGvbU0lv+LWqM6HdzKWkqoEDRC6Cclvso1\/k05\/ssyaeQYFGvcdqUpHO3lFw\/X3BziXcolVV0purLTHMmtf6mdxDrHOBxVaDqPGtSUB7Nwq+xzwYOS9MLJ30R4zQPhflqkF\/\/mJDdQhAbL1qDrW\/DH6iyQ3GB62M1l22OjFexUJNuoWLPJbJaUTDWIBWVuDzGkcKJCip5EU5RPh0IMJsfylXCeo6NyMQ5W3+cXFo94wgJxgnQURtK7HByuG5t6SV5KGX8ulTafF4viHclxG\/TngbP6LTugSTCvmrwC9dGAGVznqSiLYRe98XcU6n8wPm3MC3D3WBPXIKYfgXhk2BIwZbvqEX1TXTwSzWUZLN2ZH22NSzSygHideqNliyWyqHH3iP3kZ0kI6f+mQJVfMc6wMwaTcDSJCwk8HHd3UiCH3nXMeOwlVZoJD27h1iS4Z7SdnU1d9OsiWfPxUHYrO0DXK\/LMdyzBcROGxdq+KKQFrG2KwI+8KwzomZslNtevjEDyi+Z12Dc4QGG9Ondj5lSBoQ\/xBUzqKoM6pz10gr7qloRfKpfNiKsLBKJ8wMXCeL+inynjUnjk5B8kfb0+ZwMsxg8ei3\/+95I22suh9ALgq3qtiCS8ySO1rw18ogx0G37UP2zjaYCXCdXlft3406GF4MSYA3xwE4KnZ1J6zj9G5eyDPivq4k8M0MHcUE74aqhs7NUgy3SeBVd6FgJzijSUvhXnjGtFtDvljCq7DoVRUhtY6bGvbCYihRrj8C1qsscvffY7IbrO6NwwiUDGtGLa+NjQPhb0ZxBYwi81WRIhOZc2bo4fgDgaHAnuBmP5Dk2lGBuv9H3zGfWegdxBLF6WkDe7+WqoVWHbb1lsxamNHzOp44REQ8GjirJiUYAHqXpD5qjLNd73zQsglF\/Vdv03HiWzuUDHCqjt9m3CsgmfSy9yjzUeeuylPbaXYH9MqHxGkkjyPG6LegYDDFGNh8sij2djCP02yFOUjeCLfg2PXCiGz0e0j3UggXHOCmUpwkkinV8o\/wY+U1YQsusD6mlEK533a2Gv7LgMqfoz0IEL+Q2ngQZcbZECFbg0\/wzKad1prgvDYItz3UIrC1U51O0\/RBs4Inp2sL8e6h+\/eWQH0dzK33\/6BuVzu5hwDi53BsuQAP4gm8fxmHz\/EGqaiRShZuRnLg9IwF5zrUwpdMw9bCRvjXxb6ceR\/2TpXrCwP+nqbuK5Cutbz8uTNXTKAhZEcy4wQLN7OG62th+0zTrMYWFzwhz0QEEZIWnFbczQQxiJSlYjcx++Fcxzeu07DEQJoqMOi+V1conZQ6kgDIHP51d5Qsm8YKrIScAbuWi1LPyYXeUkQO1g2i9zYa\/Izwn4sFiQaXHyEQREXhnuJB\/yUIQo8DEjDlH8O2wzDvSi+frwU7uyMMkOMs9c1O6WoTmihdjjVIfKjuCV1NDq\/gTVOW6HweTu0H4J7GM0WNg3ZnTUxie6l+Z\/FOlc3ikpItZT6RBiAfNFopkS3A4iTl0RPN+I0V3uTQjdLRAuQR3hCnk0sIhx2Ie1El5epKZE5rZzhjSmlcFZdUBsJFUEXB\/qzeQrMikllrPlamVd4EF3EO\/dN+X5WsepmrGpu0mepQSaqJO09bSF3jXL8N68pJXIKAioItmB\/Asf\/QFZfjrsU7vxGgWX6yPjr8dYwym1fgW3ju9hJJh8PyGMt4iRyAR2spKpVdWUxaqWIXXL4qr9q0TvJlxm4w+JjeHyoHgXUN0inhob1CHLlSiUKeDakdZHj\/PZEHdkSpgWxtz\/XdGz9MScAvApZRCa8rAd25SgfzyiW0p4EucZj2o9ze6LHMFAM5Gb9USc9csfVD\/951FrDRciOdFVtFc\/v9BVqeqkJXeYXlhIf0leRUGT21cmS6L+pcsUO6on4IVZ04iNAwqmM8ommE3mcjyeBdzzYOcySLLvce9LxjaZJ+WadjQhpQWa8PWO+sDHUO2KSqilkfPxWP5bfHk5HSC0zu6UTvvDyZGuTgWKBh2Y8vJfT3bx5BFE3bAgzrnGAOIaECgxdVuMAqUjujyVCPzFykyj754SjJAo\/+6qWbduCmiINgpwa4Wo1NqRYTuLblXB\/DGScf\/wD4EAoHvGe+iUzAnJmqi5oxgSkwl2hm6uBwKeer2cJgyA4F8JheEgMOYzliOrueXi84VYH7hnJhJWb1ONa7pAojNCcXBH63G15Kl5MFhnaj93rO3aqO+8D+dkWM3nSVTfJdhCUb+1atLVS1XDXFzbNdvTVJ9laPs1d9j+kniYR7+Gqcq9MbYi4Z6b\/dsHcdv6SUeZeJw8eDr5Ob1xNej0XCSjLxIa2EeNhVpFgo35ZM4yPx\/zeY0vZf3gEE4uAQ8y9\/diIj4BLzBiYEj0PIBGYeN1QhZAIId0N7el8zQpeZNb+1OIvTpKt\/cwjU+PToGUb3QsC34lLjOHcxULCdpKwmpRyQwvCy13iPPtGoK2PWEcBR7sppmN+g0yP9iVzf++ICM7q47tBQLVfAXLXxGeh23y0fvjvTNadT2MQeESDCaOYk\/MwFkx+lLtzzt\/IQ7yi3A17jRLxNLcYCur+kCFZX7VpyjZiqZTMzpFDnROcNqDIlhRKe4SOyisRIUbKb2PAXJogbazcCx5Ja4nMYs4HEFRCj6XMcUMmPhJi3u\/vz8B5NUn6BDiHe0D6zsU6cN3KiJJFmc3LZz\/t1BLaLTQY1Rwr1BaHgMQC9XCSYEUqiO5E3f9gaYot+AE7jubqYGkpxgbSWh8yqGFGtxaZgeMk9IE","iv":"546feab1fcd3322e6107dac4a0b323a1","s":"c3f6f99f7ac55fd5"}
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