McKinsey & Company news and archive

The State of Fashion 2026: Turbulence is the new normal

The annual State of Fashion report by global management consulting firm McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, has revealed that 46 percent of fashion executives expect industry conditions to worsen in 2026, an increase from 39 percent in last year’s report. The report, which reveals how changes in...

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BFC publishes inaugural diversity, equity and inclusion report

The British Fashion Council has coauthored a new report into the diversity in the UK fashion industry with the Outsiders Perspective, the (Fashion) Minority Report and McKinsey & Co. The report marks the first comprehensive report on diversity, equity and inclusion in the fashion industry in the UK, presenting findings from industry-wide The UK...

Fashion

BoF and McKinsey predict 2020 to be a bleak year in fashion

Business of Fashion teamed with McKinsey & Company for its fourth annual State of Fashion Report, which determined pessimistic predictions. The fashion industry can expect a year of uncertainty and concern across all geographies and value segments for 2020, save for only a few bright spots. The McKinsey Global Fashion Index forecasts that...