The fashion business is not for the weak of heart. With huge profits and prestige at stake, it’s a make-it-or-break-it industry--and if you make it, you make it big. In a recent business of fashion article from WWD, several designers, now into their eleventh year, discussed why passing the first decade changes everything.
"It takes 10 years for brands to start passing the $15 million in sales mark — and that is a very long time compared with other industries. Fashion is one of the most grueling, aggressive and fickle industries. There are far too many brands born every day, and the market is highly saturated,” says Eiesha Bharti Pasricha, the London-based strategic investor who has stakes in Roksanda and Jonathan Saunders.
Read more from fashion industry leaders.
Samsung C&T is a potential partner for growing brands with more than $10 million in sales that have passed the “emerging stage” and settled into their next phase of growth. Providing financing, fashion logistics and accounting services, they take over the hardest part of the business, applying best practices and well-honed procedures in the process. This allows brands the freedom to focus on what they do best—design, marketing and sales – leaving Samsung to handle the rest. Is Samsung right for you? Take a look at Samsung’s solution for the fashion industry.