The Weekly Briefing - 8 December

Our researcher Heather Lafferty presents a roundup of the week’s fashion and politics headlines— including a new report by The Business of Fashion (BoF) and McKinsey & Company examining the future of the $2.5tn global fashion industry. It forecasts a staggering 90% economic profit decline across the industry in 2020, marking its worst year on record, while global fashion sales will decline 15-30% in 2020 compared with 2019.