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The Business of Fashion Podcast

Vanessa Friedman on the Past, Present and Future of the Met Gala

The Business of Fashion Podcast

The Business of Fashion

Fashion & Beauty, Business, Arts

4.6770 Ratings

🗓️ 10 May 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

The first Monday in May has become synonymous with the Met Gala. Every year, celebrities and brands come together on the steps of the Metropolitan Museum of Art. This year’s theme was The Garden of Time and attendees went to enormous efforts to try to catch the spotlight amid one of the busiest red carpet moments of the year, orchestrated by Anna Wintour, global chief content officer of Conde Nast and editor-in-chief of American Vogue.


“Anna Wintour has raised the ante every year to the extent that this Met Gala made $26 million in one night,” says New York Times fashion critic Vanessa Friedman on this week’s episode of The BoF Podcast. “The amount of social media impressions it generates is beyond compare. The guest list that she curates, because it is an entirely curated guest list, is like nothing else.”.


Friedman joins BoF founder and editor-in-chief Imran Amed to share her journey into fashion journalism, reflect on what this year’s Met Gala says about the state of fashion and culture and of course, dissects the standout looks of the night.


Key Insights:


  • Over the past few decades, fashion has become a pillar of popular culture thanks to  the rise of social media and our image-first culture, said Friedman. “We now communicate globally more through imagery than we communicate through words or papers or speeches or books,” she says. “We are constantly making judgments based on the images we see … and those images are intrinsically connected to fashion … It's a language that we all think we speak and therefore we can use as communication.”


  • The Spanish luxury house Loewe, owned by LVMH, was one of the evening’s sponsors, which for Friedman is an embodiment of the culture-shaping ethos held by LVMH chairman Bernard Arnault. “He doesn't want his brands to be just fashion brands. He wants them to be culture brands. It's going past luxury into shaping culture at large.”


  • This year’s Met Gala raised an impressive $26 million, but Friedman says this raises questions about the event’s future. “Has this party reached its apogee? Is it possible to make more than $26 million in one night?”


  • Reflecting on her 20 plus years in the fashion industry, Friedman’s advice to aspiring critics is to think beyond the industry. “Learn as much as you can about things that aren’t fashion. Broaden your viewpoint and think about the world in as wide and exciting and curious a way as possible.”  



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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.

0:08.6

Welcome to the Bof podcast. It's Friday, May 10th. The first Monday in May has become synonymous with the Met Gala.

0:16.7

Every year, celebrities and brands come together on the steps of the Metropolitan Museum of

0:21.6

Art. This year's theme was the Garden of Time. Attendees went to enormous efforts to try and

0:27.8

catch the spotlight amid one of the busiest red carpet moments of the year, orchestrated by

0:33.6

Anna Winter, global chief content officer of Condonast, an editor-in-chief of American Vogue.

0:40.6

The amount of social media impressions it generates is beyond compare.

0:45.8

The guest list that she curates, because it is an entirely curated guest list, is like

0:51.2

nothing else. It's effectively a business, right? It's really not a fundraiser. It's a

0:55.9

business. And it's a pretty successful business. This week on the BOF podcast, I'm joined by the New York

1:02.5

Times chief fashion critic Vanessa Friedman, who shares her journey into fashion journalism, reflects on what

1:09.0

this year's MetGala says about the state of fashion and

1:11.9

culture and of course dissects the standout looks of the night. Here's Vanessa Friedman on the

1:18.8

Bof podcast. Hello Vanessa, greetings. I'm sure you have had a very long evening covering all things Matt Gala.

1:30.1

And I'm grateful that after all of that time that you've invested in the red carpet from last night that you're here with us today.

1:39.5

Welcome to the BOF podcast. How are you?

1:42.0

I am a little worse for wear, a little bleary, but very happy to be

1:46.5

talking to you as always, Imron. Well, thank you. You know, I should probably disclose to everyone

1:51.5

from the get-go that when I was first writing BOF as a blog, I sent a unsolicited, cold email to Vanessa,

2:04.0

who was then the fashion editor of the Financial Times in London. And she gratefully replied to my message, and I remember showing it to my friend

2:09.3

being all excited that you replied. And I had written to Vanessa saying, you know, would you

2:14.7

be interested in some business analysis from a former management

...

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