Bruno Pavlovsky, who heads fashion management at the Paris-based house Chanel, suggested in a recent interview that the global fashion industry is likely to face more pressure as the world economy slows. He warned that the challenges observed in 2023 could intensify, pointing to broader economic headwinds that are shaping consumer behavior and luxury demand. While he did not claim to possess a crystal ball, his outlook underscored a sobering reality: the luxury segment may encounter tougher conditions in the near term as inflation lingers and markets recalibrate, a sentiment echoed by industry observers aware of how macroeconomic shifts ripple through high-end apparel and accessories (Source: Financial Times).
