
Should Making It in Fashion Be This Hard?

Fashion, in its essence, sells dreams. The industry is ripe with stories of fast sales and spectacular success, while financial failure and bankruptcies are kept quiet. This means that young designers and entrepreneurs come in with very warped expectations of how fast their businesses will grow. “In London, we've created a myth that all these thing... See more
instagram.comLoro Piana, the crown jewel of “quiet luxury” is now under court administration after one of its workshops was found exploiting workers under brutal conditions: 90-hour weeks, €4-an-hour wages, and illegal factory housing.
This isn’t an isolated case. Brands like Dior and Armani have also been exposed for relying on abusive subcontra... See more
instagram.comUltimately, Proenza’s fortunes unravelled for many of the same reasons so many of its peers are no longer in business: misallocation of funds, disagreements with investors, seismic shifts in the industry at large, and a fashion ecosystem that did a poor job of preparing young designers for the realities of entrepreneurship.