Agenda-setting intelligence, analysis and advice for the global fashion community.
Starting in the 1990s and 2000s, the luxury fashion sector, once largely populated by idiosyncratic firms owned by old European families, was radically reshaped by consolidation and the rise of corporate giants including LVMH, Kering (formerly PPR) and Richemont. These conglomerates, alongside luxury megabrands Hermès and Chanel, used their heft to dominate everything from distribution and marketing to the battle for executive talent, boxing out smaller competitors and making it more difficult than ever for independent fashion labels to operate profitably.
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