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.”
 
 
Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.

For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

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.

 

 

Sign up for BoF’s Daily Digest newsletter here.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

 

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.

 

Sign up for BoF’s Daily Digest newsletter here.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

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.

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

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.

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

Mickey Drexler on How to Make Things People Will Buy | Inside Fashion

Mickey Drexler on How to Make Things People Will Buy | Inside Fashion

January 24, 2020

The New York-based ‘merchant prince’ speaks with BoF’s Lauren Sherman about discount culture and how tapping into the zeitgeist helped turn around brands like Gap and J.Crew.

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

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.

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

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.

 

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

Dana Thomas’ ‘Book of Hope’ | Inside Fashion

Dana Thomas’ ‘Book of Hope’ | Inside Fashion

September 13, 2019

The acclaimed fashion journalist discusses "Fashionopolis," a seething indictment of the industry's hugely damaging environmental and social impact that concludes with a glimmer of optimism.

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

Doug Stephens on the Most Important Metric in Retail | Inside Fashion

Doug Stephens on the Most Important Metric in Retail | Inside Fashion

August 30, 2019

The retail prophet speaks with BoF Chief Correspondent Lauren Sherman about what
brands should really be focusing on as a measure of brick-and-mortar store success.

Sign up for BoF’s Daily Digest newsletter here: http://bit.ly/BoFnews.

Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here: http://bit.ly/2xNP5Rs, select the Annual Package and use code PODCASTPRO at the checkout.

For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com.
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.

Play this podcast on Podbean App