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Must Read: Business of Fashion and McKinsey Report on 'State of Fashion,' Taylor Russell Covers 'Dazed'


These are the stories making headlines on Wednesday.

fashion business and the McKinsey Release State of Fashion 2023 report
fashion business McKinsey & Co. They released their annual report, State of Fashion 2023, which contains insights for the year ahead and 10 major trends set to shape the industry. fashion business Executive Director Imran Omid Warns of a global "multi-crisis" coming between Economie And the repercussions of the Russian war in Ukraine. Key findings include that 56% of fashion executives are preparing for an industry slowdown through 2023 amid various pressures. but, luxury. luxury Sales are likely to lead the industry, and are expected to grow by 10% over the year. The industry remains cautious about the risks Green wash. fashion business


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