Emerging markets stepping up in the fashion world - London Business News | Londonlovesbusiness.com
Briefly

Emerging markets stepping up in the fashion world - London Business News | Londonlovesbusiness.com
""Events such as the BRICS+ Fashion Summit serve as unique platforms where fashion becomes not only an industry but also a cultural dialogue. They bring together designers, brands, clusters, and institutions from different countries, enabling them to learn from each other and build bridges through creativity,' stated Sladjana Milojevic, Managing Director of the Fashion Apparel Cluster Serbia and a delegate at the Summit."
""The Summit unites diverse cultures, enabling brands from various countries to present their unique narratives and traditi"
Europe's textile and fashion sector produced over €200 billion in turnover in 2023 and employed more than 1.7 million people. The UK apparel market is projected to reach US$88.86 billion in 2025, with fashion accounting for 29% of UK online sales. Consumer demand in the UK is increasing for sustainable and ethically produced clothing. Emerging economies prioritize sustainable production to reduce waste and overconsumption. Moscow serves as a unifying hub for emerging global fashion by hosting the BRICS+ Fashion Summit and Moscow Fashion Week. The BRICS+ Summit attracted over 250 participants from 65 countries and focused on sustainable production, digitalization, and AI integration.
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