Why Imran Amed says the fashion industry is in a 'full-blown luxury crisis'

Amed notes that the recent turnover in the fashion industry, including CEOs and designers, reflects an unprecedented reckoning, indicating a deeper change in leadership dynamics.

He emphasizes, "I have never seen this volume of change in the leadership of big fashion companies. It’s not just on the creative side; it's also on the business side..."

Amed mentions that new leaders emerging in key roles may not be well-known to the public but are significant within the industry: "Some of the names that are emerging in the...creative side are mostly new to the mainstream public..."

Read at Fast Company