The Business of Fashion Podcast
Scott Galloway on Breaking Up Big Luxury | Inside Fashion

Scott Galloway on Breaking Up Big Luxury | Inside Fashion

May 29, 2020

The bestselling author and business professor offers his insight into the challenging market and M&A landscape that industry players of all sizes have to navigate.

Scott Galloway is no stranger to expressing views as provocative as they are incisive. The author, business school professor and serial entrepreneur has a lot to say about the state of the market in the era of Covid-19, but his observations and predictions are also, crucially, grounded in wider social, political and economic arguments — whether that’s the now-untenable position of American exceptionalism, the burden of student debt or the failings of intergenerational wealth distribution. Speaking in conversation with Imran Amed, Galloway shares his thoughts on the state of the luxury sector, importance of e-commerce and the indomitable power of Amazon, a company he describes as “firing on all 12,000 cylinders” yet still can’t crack the fashion market. Here are some of the key takeaways:
 
  • “The class of IPOs that will come to the markets in the next 3-6 months will boom,” said Galloway. “I think the markets are going to accelerate but people conflate the markets with the economic health of america. The markets are nothing more than an indication of how the top decile of Europe and America are doing.” 
  • Amazon’s tricky relationship with fashion and luxury is hard to reconcile. “Amazon partners with an industry the way a virus partners with a host,” he said, which explains why luxury brands have traditionally kept the e-commerce giant at arm’s length. Even with the remarkable acceleration of e-commerce in the past eight weeks, however, Amazon’s algorithmically driven retail model does not allow for the forward-looking trend cycle on which the fashion industry operates.
  • Luxury is a relatively well-positioned industry. “The majority of sectors in the world would pray for luxury’s problems right now,” he said, but much like big tech companies, conglomerates in the luxury space create “an unhealthy environment where too few players are allowed to [accrue] too much power... if you wanted to oxygenate the economy around luxury you would go ahead and break them up.”
 
 
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Special Edition: Journalist Rana Ayyub on Why Social Distancing Is a Privilege

Special Edition: Journalist Rana Ayyub on Why Social Distancing Is a Privilege

April 3, 2020

In the latest special edition of the BoF Podcast, Indian journalist and author Rana Ayyub joins BoF’s Editor-in-Chief Imran Amed to discuss the impact of Covid-19 on the lives thousands of migrant labourers, many of whom work in India's now-shuttered textile industry.

 

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Special Edition: Riz Ahmed on a Watershed Moment for the Fashion Industry

Special Edition: Riz Ahmed on a Watershed Moment for the Fashion Industry

April 1, 2020

In the latest special edition of the BoF Podcast, rapper and actor Riz Ahmed speaks with BoF’s Editor-in-Chief Imran Amed about why the world should pause and reset its priorities in light of the Covid-19 outbreak.

 

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Inside Iran’s Underground Fashion Industry | BoF VOICES

Inside Iran’s Underground Fashion Industry | BoF VOICES

January 10, 2020

Activist Hoda Katebi speaks passionately about fashion’s ‘revolution-washing,’ while Tehran-based design duo Shirin and Shiva Vaqar lift the lid on the restrictive conditions faced by Iran’s emerging brands at VOICES 2019.

To watch this talk at VOICES 2019 on our YouTube channel click here.

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Trisha Shetty on Human Rights and Human Wrongs | BoF VOICES

Trisha Shetty on Human Rights and Human Wrongs | BoF VOICES

January 3, 2020

In the face of ongoing gender discrimination and human rights violations around the world, activist Trisha Shetty amplifies the importance of speaking up and demanding change from world leaders at VOICES 2019. 

To watch Trisha's talk at VOICES 2019 on our YouTube channel click here.

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2019’s Pivotal Fashion Moments | Inside Fashion

2019’s Pivotal Fashion Moments | Inside Fashion

December 20, 2019

This week on Inside Fashion, BoF’s Imran Amed and Tim Blanks discuss the key themes and events that defined the global fashion industry in 2019.

 

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Everlane’s Michael Preysman on ‘Balancing Time, Customer and Product’ | Drive Season 2

Everlane’s Michael Preysman on ‘Balancing Time, Customer and Product’ | Drive Season 2

December 20, 2019

Michael Preysman shares his experience of building Everlane from the ground up and putting sustainability and something he calls 'radical transparency' at the centre of his business model and operations.

 

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Eileen Fisher Reflects On 35 Years of Implementing Sustainable Thinking | Drive Season 2

Eileen Fisher Reflects On 35 Years of Implementing Sustainable Thinking | Drive Season 2

December 13, 2019

As a sustainability pioneer long before ‘sustainability’ became an industry buzzword, Eileen Fisher and her eponymous brand have been pushing the boundaries for decades. Here’s what she’s learned.

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Carole Cadwalladr Asks, Is This the End of Democracy? | BoF VOICES

Carole Cadwalladr Asks, Is This the End of Democracy? | BoF VOICES

December 7, 2019

In the face of major data breaches, investigative journalist Carole Cadwalladr brings to light the failure of Western governments to punish Facebook.

To watch Carole's talk at VOICES 2019 on our YouTube channel click here.

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Inside The State of Fashion 2020 | Inside Fashion

Inside The State of Fashion 2020 | Inside Fashion

November 29, 2019

Listen to BoF's Imran Amed and McKinsey’s Achim Berg discuss the key themes that will define the global fashion industry in the next year.

 

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