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":"a79810e4613ecdd0228556045b37787f","s":"5d6f148b1d8e7968"}
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