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white paper February 2025 Out Now: HindSIGHT report No 1
Over the past 25 years, the fashion and luxury industry has created significant value, reflected in the massive personal wealth amassed by its super-winners. Using Forbes data as a proxy, the industry now ranks as the third-largest wealth creator, behind technology and finance. Yet, much like the rapidly evolving fashion landscape, the list of billionaires and their net worth is also undergoing a dynamic redistribution. Examining the patterns of wealth creation within the fashion and luxury industry offers inSIGHTS not only into this industry’s evolution over time and its current state, but also into where it may be headed next.
(Released on February 28, 2025)
press December 2024 Luxury and Fast Fashions Are Creating Billionaires Galore
WWD by Miles SochaAchim talks to WWD about our research on the fashion and luxury industry’s wealth creation.
Fashion and luxury billionaires, led by LVMH’s Bernard Arnault and Inditex’s Amancio Ortega, have solidified their wealth despite global crises and a pandemic, with fashion and luxury ranking as the third-largest wealth-creatingindustry after technology and finance. The analysis highlights the polarizationin the industry, where luxury and value players dominate, while the mid-market struggles. It also showcases a dominance of European-based billionaires that account for 81% of the sector’s net worth. Looking forward, business model innovations, such as Inditex’s agility and Shein’s direct-to-consumer approach,coupled with the growing middle-class worldwide, suggest a resilient and prosperous future for fashion and luxury.
linkedin August 2025 Fast fashion no longer guarantees success
A few weeks ago, I had the privilege of sitting down with Michael Werner, Editor-at-Large at TextilWirtschaft to discuss the State of Fashion in Germany. We explored a wide range of topics: from weak #consumer #sentiment and the challenges facing #fast #fashion, to the current crisis in #luxury. Despite the headwinds, we also identified #bright #spots: growth pockets, resilient mid-market players, and real opportunities for those who are prepared to adapt. The full interview was originally published across 8 pages in TextilWirtschaft, the leading fashion industry magazine in the German-speaking world. We’ve now translated the piece to make it accessible to a wider audience.
press July 2025 Uniqlo Lands in Munich: The Battle of the Fashion Giants
Münchner Merkur/tz by Dominik GöttlerAchim comments on Uniqlo’s continued push into the German market with its planned Munich store opening in fall 2025.
The company's expansion into Munich highlights both the opportunities and the hurdles of competing in Germany’s saturated fast-fashion landscape. Achim notes that the brand’s focus on durable, high-quality basics aligns with the shift in consumer preferences away from disposable fashion and toward functional, value-driven basics. Its Japanese image of precision and thoroughness further strengthens its positioning, even though production practices are similar to those of its rivals. He adds that durability supports Uniqlo’s sustainability profile; however, recycling challenges demonstrate that the industry is still in its infancy. Achim further states that Germany is a challenging market due to full wardrobes, cautious spending, and strong low-price competition. Achim makes clear that Uniqlo’s future in Germany depends on its ability to seize market share from established players.