“The concept I try to have for the company is to remain a craft shop. That’s what we are, the smallest of the luxury companies and the biggest craft shop around. And I think this association between the craftsmen, the creativity and our level of exigence for quality is what makes the company unique.”
Axel Dumas, CEO, Hermès
In fashion, a move towards circular economy has been spearheaded by Giorgio Armani, who stated in an open letter: “The reflection on how absurd the current state of things is, with the overproduction of garments and a criminal nonalignment between the weather and the commercial season, is courageous and necessary. The current emergency shows that a careful and intelligent slowdown is the only way out, a road that will finally bring value back to our work and that will make final customers perceive its true importance and value.
“The decline of the fashion system as we know it began when the luxury segment adopted the operating methods of fast fashion, mimicking the latter’s
