Research
November 30, 2022
Upscale fashion is expect to fare better than fast fashion and other tiers in 2023, per a new study from McKinsey & Company and The Business of Fashion. Image credit: McKinsey, Business of Fashion
By Marybeth Connaughton
The fashion industry will likely face a downturn on a global scale, according to “The State of Fashion 2023” report co-authored by management consultancy McKinsey & Company.
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","iv":"54040a80076b0e720a6c39a6ca3b4373","s":"ac2ecbcf40940162"}
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