Inside the State of Fashion 2019 | Inside Fashion
The Business of Fashion Podcast
The Business of Fashion
4.5 • 813 Ratings
🗓️ 7 December 2018
⏱️ 35 minutes
🧾️ Download transcript
Summary
This week on Inside Fashion, Imran Amed and Achim Berg address the overall outlook for growth in the fashion market and 20 companies dominating value-creation in fashion.
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Transcript
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| 0:00.0 | We felt it was quite fascinating that you can pick the top 20, and this is to be fair, listed |
| 0:08.2 | companies. And they do 97% of the economic profit pool of the industry. So you could shut down |
| 0:14.1 | the rest and the profit of the industry wouldn't change. |
| 0:17.7 | How does that happen that so few companies generate so much value? |
| 0:23.6 | There's clearly a luxury play that gets you into the top 20 players, and there is also |
| 0:31.0 | a value discount play to get you there. |
| 0:34.5 | Let's talk about the global economy in general next year. |
| 0:37.4 | What are your key observations? There is still a high level of uncertainty you there. Let's talk about the global economy in general next year. What are your key observations? |
| 0:38.3 | There is still a high level of uncertainty out there in the industry, and which is not |
| 0:43.0 | a surprise. |
| 0:44.0 | We just look at the political developments in the United States, the trade tensions with China, |
| 0:50.0 | Brexit and Europe, economic problems in Italy, you know, a lot of the core markets are affected. |
| 0:57.3 | Hi, this is Imran Ahmed, founder and CEO of the Business of Fashion. This week on the |
| 1:02.5 | Bof podcast, we're bringing you a special conversation I had with Akimberg, senior partner at |
| 1:08.3 | McKinsey and Company, about the state of fashion 2019, our annual |
| 1:12.6 | report that helps you understand everything you need to know about what's going on in the fashion |
| 1:17.8 | business next year. In case you're interested in a deeper look at the state of fashion 2019, |
| 1:23.2 | we'll include a link in the episode notes to download the report and view a video that |
| 1:28.0 | summarizes the 10 trends that will shape fashion next year. So here's my conversation with |
| 1:32.7 | Akim from earlier this week. I wanted to start just by giving you some quick, quick fire |
| 1:40.8 | points on what we have been finding to be some of the key ideas, themes, and topics |
| 1:48.5 | for the state of fashion in 2019. We are calling 2019 a year of awakening for the fashion industry, |
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