The Billion Dollar Fashion Week
description
Transcript of The Billion Dollar Fashion Week
The Billion
Dollar Fashion
WeekBy Angelique O’RourkeImage via fashionisers.com
Eleanor Lambert
founded the Council
of Fashion Designers
of America and
created the first
Fashion Week in 1943.
Image via new york times.
NYC Mayor Bill de Blasio, here with current president of the CFDA Diane Von Furstenberg, publicly shows his support for the industry on the eve of fashion week this year.
This year, Mercedes-Benz
fashion week will bring in
an estimated 850 million
dollars to New York City.
532 million will go to tourism, entertainment, eating out, and other events associated with traveling to the city for fashion week.
The fashion industry in New York City employs 5.7% of the workforce, almost two hundred thousand people.
Pete Savignano/Getty Images for Mercedes-Benz Fashion Week
Despite the big money involved,
the models who walk runways
typically earn $150-500 for
walking in shows. Some designers
offer compensation only in trade;
meaning free clothes.
Marc Jacobs, whose
Spring/Summer ‘15
line is pictured here,
didn’t start paying
his models cash
until Spring 2013.
Image via fashionisers.com
Sarah Ziff, picture here by Owen Bruce for Pulp Magazine, is a model who founded
The Model Alliance, a worker’s-rights organization for those in the industry, to help ensure models get fair pay and reasonable working conditions.
Cindy Ord/Getty Images
“You cannot separate people, their yearnings, their dreams,and their inborn vanity from their interest in clothes.”
-Eleanor Lambert
Your complete guide to planning and running a business.