The worth phase continued to develop in 2016, particularly as a consequence of enormous world gamers increasing geographically. With its clearly defined worth proposition, the worth segment has been taking share from low cost this year. Over that period, the business has grown at 5.5 percent annually, according to the McKinsey Global Fashion Index, to now be worth an estimated $2.four trillion. In fact, not solely does it touch everyone, but it will be the world’s seventh-largest economic system if ranked alongside particular person countries’ GDP. Imran Amed is the founder, editor-in-chief, and CEO of the Business of Fashion.
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