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":"f9839f209aa608e09ed0c720876a781d","s":"930a9aa735f037ef"}
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