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":"38a44a0baceaf6a9cc771ffab71eb00c","s":"4b6275a1b41b2699"}
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