The Vision 2030 plan has the kingdom investing in fashion with an opportunity to build from the ground up.
Miu Miu Blended Surfers, Geeks and Preppies for SpringEntrepreneurs, investors, government officials and more gathered at The St. Regis New York for the latest stop on the Saudi Fashion Commission’s roadshow, which shined a spotlight on the kingdom’s efforts to build an apparel industry from the ground up. WWD moderated several conversations at the event.is one of the industries getting a big boost under the country’s Vision 2030 plan to diversify its economy beyond oil.
Fern Mallis, Avril Graham, Susan Rockefeller and Federica Marchionni were among the New York-based attendees in the crowd, which also included a raft of young Saudi fashion and tech entrepreneurs who were clearly ready to both build at home and take their place on a global stage. Thakran said that fashion executives wanting to understand the Saudi market and maintain a long-term business there have to visit and walk the streets.
Often brands from Indonesia, Asia and Saudi Arabia are eager to open a store in Paris or New York, but wind up “losing so much money” for that one store in lieu of investing in what could have been 10 stores in a local market, he said. “Go to the West or any country when you are fully ready. All of this is easier said than done. It’s all about small, small details and getting all of them right.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
L.A. Fashion Week Returns, Recognized by the Council of Fashion Designers of AmericaLAFW is back for its second year with N4XT Experiences from Oct. 18 to 22.
Read more »
The Most Wearable Fall 2023 / Winter 2024 Fashion Trends 2023 / 2024 » Fashion AllureCompilation of the hottest trends in clothing based on fall 2011 winter 2012 runways. What’s en vogue this season? Find out here!
Read more »
Republican congresswoman threatens to resign over debt commission'I will not continue sacrificing my children for this circus with a complete absence of leadership, vision, and spine,' Representative Victoria Spartz said.
Read more »
Transparency defined: Inside the California State Athletic Commission’s post-Bellator 290 debriefingNever have judges publicly explained their decisions like this until MMA Junkie joined a CSAC meeting in the immediate aftermath of Bellator 290.
Read more »
Independent redistricting commission inches toward Ohio’s 2024 ballot: Capitol LetterThe proposed amendment cleared a key legal hurdle.
Read more »
Nevada Gov. Lombardo challenges ethics commission's authority in lawsuit over campaign materialsNevada Governor Lombardo has taken legal action by filing a lawsuit challenging the authority of the ethics commission to censure and impose fines on the former Clark County sheriff.
Read more »