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Agenda-setting intelligence, analysis and advice for the global fashion community.

The State of Fashion 2021 Preview: Can the Industry Rebound Next Year?

BoF and McKinsey & Company are pleased to share a preview of exclusive data from The State of Fashion 2021, our highly anticipated annual report on the future of the fashion industry, which reveals that the global fashion industry could lose up to 20 percent of revenues this year — worth up to a staggering $440 billion — and lays out potential scenarios for the year ahead as well as the timing of the sector’s recovery.
Can the Industry Rebound Next Year? | Source: Getty Images

The Business of Fashion and McKinsey & Company have now released The State of Fashion 2021, focusing on the themes, issues and opportunities impacting the sector.

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