Assessing how much the fashion industry is worth is a difficult task because different studies either include high street retailers or not. The British Council in collaboration with Oxford Economics, estimated that the fashion industry makes up 1.7% of the UK’s GDP including retail distribution, and 0.5% excluding retail distribution. Including high street retail the global industry has been calculated as being worth US$ 1.2 trillion to US$ 3 trillion. The latter figures are astounding considering the UK’s GDP for 2015 was US$ 2.9 trillion.
So how can new fashion businesses raise money in order to break into this large market?  

Within the fashion industry, there has always been persistent undercurrents of unfair employment practices and even exploitation. The modelling profession is a very competitive industry, however with the working lives of many models being short, this has allowed a culture of unfair employment practices to develop. Earlier this year, there was a well-publicised class action lawsuit of around US$100 million made in the State of New York alleging...

When you think of fashion, many instantaneously think of art, expression, glamour and luxury brands. One of the major fields of law that is pivotal to the fashion industry is Intellectual Property, specifically trademarks. There are ways of protecting the artistic and lucrative brainchildren of Karl Lagerfeld and many other creatives from mass exploitation.