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: Rafat Ali on the Month the World Stopped Travelling

Special Edition: Rafat Ali on the Month the World Stopped Travelling

May 1, 2020

In the latest special edition of the BoF Podcast, Rafat Ali, founder and CEO of the B2B travel news site Skift, talks to BoF Editor-in-Chief Imran Amed about the tourism standstill following the outbreak of Covid-19 and its impact on travel retail.

 

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Special Edition: Imran Amed on Finding Opportunity in a Crisis

Special Edition: Imran Amed on Finding Opportunity in a Crisis

April 29, 2020

BoF’s Founder and Editor in Chief joins educator and activist Sinéad Burke to discuss how BoF is forging ahead during the Covid-19 crisis in a live event hosted by Istituto Marangoni.

 

 

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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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Special Edition: Li Edelkoort Says the Coronavirus Is a Representation of our Conscience

Special Edition: Li Edelkoort Says the Coronavirus Is a Representation of our Conscience

March 27, 2020

In the latest special edition of the BoF Podcast, the Dutch trend forecaster says that the coronavirus pandemic is bringing to light what is wrong with society, teaching us to slow down and to change our ways.

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Special Edition: Jefferson Hack on Why The World Must Not Be Complacent

Special Edition: Jefferson Hack on Why The World Must Not Be Complacent

March 25, 2020

The Dazed Media founder speaks to BoF’s Editor-in-Chief Imran Amed about the role of fashion media companies during a pandemic.

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Special Edition: Luca Solca on ‘The Worst Year in the History of Modern Luxury’

Special Edition: Luca Solca on ‘The Worst Year in the History of Modern Luxury’

March 19, 2020

BoF’s Imran Amed and the Bernstein analyst discuss what the sector should expect as coronavirus threatens sales and supply chains.

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Special Edition: Retail Futurist Doug Stephens on How Coronavirus Will Shift Consumer Behaviour

Special Edition: Retail Futurist Doug Stephens on How Coronavirus Will Shift Consumer Behaviour

March 13, 2020

As the pandemic jolts global markets and consumption habits, Imran Amed and Doug Stephens discuss the mindset fashion companies should adopt to stay above water.

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A Fashion Month Unlike Any Other | Inside Fashion

A Fashion Month Unlike Any Other | Inside Fashion

March 6, 2020

As wildfires swept across Australia and the coronavirus spread across the globe, Imran Amed and Tim Blanks reflect on how the world’s uncertainties have informed the Autumn/Winter 2020 season.

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