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The Business of Fashion Podcast

The Genesis of the Modern Luxury Fashion Industry

The Business of Fashion Podcast

The Business of Fashion

Fashion & Beauty, Business, Arts

4.6770 Ratings

🗓️ 4 November 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

Ian Bonhôte and Peter Ettedgui, the creators of a new docuseries speak to BoF’s Tim Blanks about their new series which traces the formation of LVMH and Kering, and how designers like John Galliano and Alexander McQueen helped them build a ‘Kingdom of Dreams.’


Background:


A new fashion docuseries, “Kingdom of Dreams,” explores the luxury fashion industry’s formation in the 1990s to the 2000s, examining some of fashion’s most recognisable designers of that period — John Galliano, Alexander McQueen, Marc Jacobs and Tom Ford — as well as executives like Kering’s François Pinault and LVMH’s Bernard Arnault. 

 

Ian Bonhôte and Peter Ettedgui highlight the tension between commerce and creativity, as well as the rivalries between luxury groups and their designers. 

 

“At the end of the day, we never said anything that hasn’t been said or which is not sort of present,” said Bonhôte. “So the truth is very important. And we are… definitely not scandalous.”

 

This week on The BoF Podcast, BoF’s editor-at-large Tim Blanks speaks with Bonhôte and Ettedgui about understanding pressures of consumerism and what makes a fashion house business tick. 


Key Insights:

  • The creators highlighted the gap between creativity “wizards” and business “emperors” within some of fashion’s largest fashion houses, demonstrating the power of tycoons François Pinault and Bernard Arnault. “What we felt was the most interesting drama is there is this constant fight between commerce and creativity,” said Bonhôte.  
  • The series also highlights the pressures on designers to double the volume of collections and the impact of that growth on the planet. “It is disturbing to see the fallout and not just the fallout psychologically for the designers, but also for the planet as fashion speeds up,” said Ettedgui.
  • While examining the industry the creators wanted the audience to gain a new understanding of fashion rather than the gated community it can be perceived as. “It’s a very difficult industry for people to actually understand because I think the [understanding of] fashion is almost wrong,” said Bonhôte.


Additional Resources: 

  • How Fashion Went Corporate: Creativity, Commerce and Collateral Damage: Tim Blanks talks to the creators of ‘Kingdom of Dreams,’ a new documentary series on how the corporatisation of luxury fashion made superstars of designers John Galliano, Alexander McQueen, Tom Ford and Marc Jacobs, and built gilded empires for bosses Bernard Arnault and François Pinault.


To subscribe to the BoF Podcast, please follow this link.




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Transcript

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0:00.0

Hi, this is Imran Ahmed, founder and CEO of the Business of Fashion.

0:08.8

Welcome to the Bof podcast. It's Friday, November 4th.

0:13.0

For many of us, binge watching became part of our pandemic lives, spending all those months

0:18.5

indoors with nothing else to do. But now that things have opened up, I reserve my binge watching for only the most enticing

0:25.2

programs, the ones I just can't stop watching once I've started.

0:29.8

This week I started watching Kingdom of Dreams, a new documentary series on the fashion

0:34.6

industry, and I just couldn't stop.

0:39.2

Kingdom of Dreams traces the rise of the modern luxury goods industry and its two dominant groups, LVMH and Caring,

0:45.1

but also explores the impact that this has had on the lives of its foremost designers in the 1990s,

0:51.2

John Galliano, Alexander McQueen, Mark Jacobs, and Tom Ford.

0:55.9

It is at once an education on how the modern industry came to be

1:00.2

and how its excesses have taken a planetary and human toll.

1:05.6

This week on the BOF podcast, our editor at large Tim Blanks,

1:09.7

who is one of the talking heads in the series, speaks to the series creators to get the backstory on how it all came together.

1:17.0

Here are Ian Bonot and Peter Etegu, with Tim Blanks, on the Bof podcast.

1:23.9

I'm very happy to be here today with Ian Bonnott and Peter Ettedghi, the producers of the new TV series, Kingdom of Dreams, which is a look at fashion in its golden era, as I like to think of it, the 1990s, and then the fallout from that golden era.

1:43.5

I'd like to start, actually, Ian and Peter,

1:46.8

by reading the little Preci that popped up on IMDB,

1:51.7

and their description of the series is,

1:54.9

a French entrepreneur uses young punk talent

1:58.4

to reinvigorate fading fashion couture houses and become the richest man in the

2:04.6

world. What could possibly go wrong? What do you make of that? Love it. That will probably have

...

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