As London Fashion Week opens, coinciding with 100 years of Vogue, media attention focuses on the fashion industry.
Thierry Bayle, Founder of Global Fashion Management was interviewed today by Martin Stanford for Turkish news channel TRT World about the influence of British fashion on the global fashion economy.
Thierry drew attention to the rapid evolution of the global fashion industry: where once key British brands were only competing with peers in France, Italy and the US, now they must outperform the big names from Australia, Turkey, South Africa, Singapore, Malaysia, Thailand, Nigeria, Korea, Japan and Brazil.
Brands have had to change the way they work in order to keep ahead of the competition.
In the global market, the product itself is no longer enough.
Your business must be world class on every front. Sales, marketing, customer support, delivery lines must all be in step. In the global fashion economy, designers have had to either become savvy business people or make sure that whoever runs the business can hold their own in this tough environment.
One of the most important things for fashion CEOs is to constantly evaluate their operations.
In order to do this, you really need a sounding board, somebody from the outside who will question your plans and decisions.
Mentoring is becoming an increasingly useful tool for CEOs and can help them keep up with and ahead of their peers. Talk to us today about how we can help you to achieve your goals.
The Founder of GFM speaks 6mn after the video starts.
TRT World - Where News inspires change - YouTubeLink - Live Stream.