The Ins and Outs of Selling a Fashion or Luxury Business

The global pandemic has not only generated what looks like a prolonged economic crisis, but also shifted people’s sentiment toward consumerism. How the fashion industry will be affected in the long term is a difficult question to answer. Looking at the medium term, there is one topic that can be immediately discussed: In the current context, is it worth thinking about selling the business you built over the last few years or decades? In short, the answer is “yes” if you believe you’ve reached the stage where the future of your firm is more likely to benefit from being part of a large group than if it were to remain independent. As you know, a large corporation can easily flex its muscle in such areas as advertising and media buying, customer data and analytics, commercial partnerships, online and brick-and-mortar retail, IT and technology, logistics and finance. Today, large groups tend to approach M&A with more humility and empathy than previously. It is in their best interest to ensure that your brand, reputation and revenue significantly improve once you have joined their “family.” Still, for an entrepreneur, a designer, a creator, there is a patent and comprehensible sense of nervousness around selling. First, what will your

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