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When we think of fashion, we think of style, design, innovation and art. But that’s just the fin of the shark. Beneath the waves created by its cycle of runways, fashion is a predator, driven by relentless greed.
Fashion today is a trillion-dollar industry, dominated by two billionaires who’re trading competing fashion brands like kids trade Trump Cards. When fashionistas buy Celine, Marc Jacobs, Hermès or Christian Dior (just a few of the 70 luxury brands owned by one company), the man at the top of the money pile is Bernard Arnault, who’s now the richest man on Earth. Buy anything