The Business of Fashion Podcast

• Fashion Tech Boom 2.0

  After years of disillusionment with fashion tech, investors are once again excited about its potential, but with a very different mindset to the hype-fuelled boom of the last decade.From AI-powered personal styling apps to virtual try-on tools and personalised search engines, a wave of start-ups is gaining traction – and big backing – by offering real technological solutions to long-standing fashion industry problems.In this episode, senior e-commerce correspondent Malique Morris joins The Debrief to explore how fashion tech is finally growing up, and which companies are leading this more grounded, results-driven wave of innovation.Key Insights: In the previous fashion tech boom, investors were heavily investing in e-commerce startups with little true innovation. “DTC brands … positioned themselves as tech companies because they sold goods online, but there was nothing really revolutionary about them listing products on a website. And I don't know how investors didn't cop to that,” says Morris. Today’s backers are more discerning, favouring startups with clear technical roadmaps and founders who can evolve their product in meaningful ways.Investor interest in fashion tech reignited thanks to the rise of generative AI. As Morris explains, venture capital had been sitting on the sidelines during a broader funding freeze, but AI’s real-world applications reignited excitement. “Startups like Daydream are building a platform for personalised search using AI tools from companies like OpenAI and Google, and they want to be the ChatGPT for fashion and be disruptive in the way that ChatGPT has changed how we use the internet,” says Morris. “What was once a dream is now closer to being tangible and investors want to be the first ones in on that.”Today’s investors are looking beyond flashy pitches and prioritising founders with real technical know-how. “Something that is really separating the people who are just trying to raise money and not breaking through from those who are, are having some sort of technical experience, technical expertise,” says Morris. With the complexity of AI and other advanced tools, investors want to back teams that can build efficiently and with minimal lift. “They want to back founders who know what they're doing,” he adds.While new fashion tech apps offer highly personalised experiences, their complexity may limit mainstream appeal. The question of scale is still unanswered: “There may be a billion people out there who want to do that… There may only be a million. We don't know that just yet.”Additional Resources:How Investors Fell Back in Love With Fashion Tech | BoF Hosted on Acast. See acast.com/privacy for more information.

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• Yasmin Sewell: Intuition Can be a Superpower in Business

  As a fashion buyer and creative force at retail institutions like Browns and Liberty, Yasmin Sewell has long been tuned into aesthetics and the power of intuition. But it was during a moment of personal reset, that her intuition propelled her from fashion into an entirely new world: the business of beauty. Founded in 2021, her fragrance brand Vyrao blends traditional perfumery with spiritual practices like Reiki, kinesiology, and neuroscience. “When I was in fashion, what made me successful was tapping into my intuition and tapping into energy, which is everything I’ve created now. I was born quite psychic; I’ve always been able to connect with many things, and I used that ability to discover the designers at Browns,” Sewell shared. “That feeling is what I’ve lived by my whole life. It’s what’s led me to where I am now. And actually, what I believe I’ve done is bottled that into fragrance.”At The Business of Beauty Global Forum 2025, Sewell sat down with BoF founder and CEO Imran Amed to discuss why she built a business rooted in energy, how she learned to manufacture fragrance from scratch, and why intuition is an underrated superpower in business.Key Insights: Yasmin Sewell transitioned from fashion to beauty not as a rejection of her previous career but rather as an extension of her intuitive abilities, driven by a significant personal shift following her divorce. "When I was in fashion, what made me successful was tapping into my intuition and tapping into energy, which is everything that I've created now,” she explained.Vyrao was born from a deeply personal vision Sewell experienced during a transitional period in her life. "I heard this voice saying, 'everything needs to be green'. ... That's all I could hear. It was like a speaker I couldn't turn off," she recounted. "I sat there and Vyrao came to me as an absolute vision from somewhere else." The fragrance brand now sits in a distinct position in the market, combining fragrance formulation with emotional and spiritual wellbeing, backed by neuroscience. "Every single plant and flower and every single fragrance is chosen for how it makes you feel… Now we work with neuroscience. It's proven to trigger certain emotions in the brain," she explained.Sewell emphasises the power of intuition as her primary guide, despite the challenges of navigating a business world dominated by analytical thinking. "I tend to lead with the gut... I'm sort of 98% intuition, 2% common sense," she said, describing how this has shaped Vyrao’s strategic direction and her interactions with investors. "I lead with intuition, and I use the brain as a tool. I don’t think the brain can take us that far – for me, it doesn’t.”Additional Resources:The Business of Beauty Global Forum: Connection in the Age of Disruption | BoF Hosted on Acast. See acast.com/privacy for more information.

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• The Jewellery Boom, Explained

  As major luxury brands struggle to maintain momentum amid an industry-wide slowdown, one category is bucking the trend: jewellery. While demand for handbags and apparel softens, fine jewellery sales continue to rise, driven by consumer desire for lasting value, emotional resonance and self-expression.Simone Stern Carbone and Joan Kennedy join The Debrief to discuss how independent jewellers are thriving with creativity and personality, the rising popularity of novelty pieces, and why jewellery is uniquely positioned to attract buyers in today's luxury market.Key Insights: Despite slowing luxury sales, jewellery sales have continued to boom. As Stern Carbone notes, consumers perceive luxury jewellery as an inherently safer investment. She says, “Instinctively, a lot of people associate jewellery – especially if it's got gold, gemstones or diamonds – with something you would dish out more money for more readily than for a handbag potentially made out of nylon.”While big jewellery brands are growing, smaller competitors are booming as they foster deep customer relationships and maintain flexible, manageable supply chains. Stern-Carbone highlights, “Jewellery is so personal. When you have a very distinct aesthetic, you really connect with your customers long term, potentially for life. This is a really personal relationship that smaller brands can capitalise on.”Kennedy emphasises that modern jewellery marketing resonates by being accessible and relatable. “One designer I spoke to puts her charm necklaces next to candy necklaces, so that feels fun,” she says. “A lot of these designers are doing things that are very lo-fi. It’s like a picture of a wrist on Instagram. And then they reply to DMs, like, ‘Hey, show me that bracelet with something else.’ So the way that they present it is also really relevant to shoppers, versus the very high-gloss and traditional style of high jewellery.”Novelty jewellery began gaining popularity post-Covid. “People were buying camp jewellery, but they were paying $50 for a funky, colourful ring. And then more recently, people are like, okay, let’s bring in the value piece of this,” says Kennedy. Novelty jewellery has surged as consumers seek personal expression in response to uniform dressing and quiet luxury trends. Kennedy continues, “You're leaning into things that are uniform dressing, so how do we spice that up? Let's go for more novelty in jewellery.”Additional Resources:Why Jewellery Feels Like a Better Deal Than a Handbag | BoF Who Would Pay $20,000 For a Hamburger Ring? | BoFHow Small Jewellery Brands Are Seizing The Moment | BoF Hosted on Acast. See acast.com/privacy for more information.

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• Tracee Ellis Ross: Understanding the Diversity of Humanity is Good Business

  When Tracee Ellis Ross launched Pattern Beauty in 2019, she set out to challenge the beauty industry's lack of products for curly, coily and tight-textured hair. Despite numerous obstacles, including scepticism about market viability and systemic biases in the product testing process, Ross has built Pattern into a leading haircare brand addressing an underserved market.“Black beauty and textured hair was not being mirrored back as a celebration but instead it was a problem,” Ross shared. “[Pattern] is to allow people to have the access to their most beautiful hair and self in their own bathroom as opposed to having to always trust a professional.”During her conversation with BoF founder Imran Amed at The Business of Beauty Global Forum 2025 in Napa Valley, California, Ross shared her journey from Hollywood actress to entrepreneur, detailed the systemic changes she's driving in the haircare industry and emphasised the importance of humanity in business building. Key Insights: Ross described her early struggle with understanding and accepting her natural hair as a deeply personal and emotional journey. "Making sense of how my hair grew out of my head was difficult," she said. "I had to master and understand and gain a sense of love and celebration in my hair." This experience became the foundation for her brand Pattern, which aims to shift the narrative around textured hair from one of difficulty to one of pride and empowerment.Ross articulated how the standard beauty narrative has often required Black women to erase parts of themselves to be seen. “There’s a part of beauty and beauty culture that has been about erasing who we are in order to fit in,” she said. Through Pattern, she seeks to change that narrative by celebrating individuality and authenticity: “I want people to have their hair. They just need the right products to support their hair. That’s what doesn’t exist.”Pattern was not an overnight success born of celebrity privilege — it took a decade of perseverance, rejection and self-education, Ross said. “There’s this myth that I was this famous actress who had lots of money to start a company — garbage,” she said. “I’m a Black actress in Hollywood. Let’s be clear about my finances.”While products are at the heart of Pattern, Ross stressed that her brand is rooted in community, identity and purpose. “Pattern is about allowing people access to their most beautiful hair, their most beautiful self, in their own bathroom,” she said. “You have an opportunity to take all that wasted space not serving this customer and turn it into money, purpose, and value.”Additional Resources: The Business of Beauty Global Forum: Tracee Ellis Ross on Community and the Power of Celebrating Differences Hosted on Acast. See acast.com/privacy for more information.

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• When Fashion Lost Its Voice

  Earlier this month, cities across the US saw the most significant wave of demonstrations since the 2020 protests following George Floyd's murder. These latest protests have been sparked by immigration raids conducted by the Trump administration, and while some of those enforcement actions have targeted garment workers, the fashion industry has mostly stayed silent. Executive editor Brian Baskin, senior correspondent Sheena Butler-Young, and retail editor Cat Chen explore the reasons behind the industry's cautious stance, whether fashion can find a new way to engage with politics, and practical steps brands can take to support vulnerable workers.Key Insights: During the Black Lives Matter movement, fashion brands were quick to voice support. Today, in the face of immigration raids affecting garment workers, many brands are noticeably quiet as companies now worry that taking a stance on divisive political issues could trigger backlash. “There's a lot of anxiety and discomfort and frustration behind the scenes, but there is also this other piece of the pie, which is fear of retaliation from the Trump administration,” says Chen. Despite the fear of retribution, Butler-Young also notes how the lack of response is being interpreted outside of the industry: “I think that people see the industry as acting cowardly as an industry that does rely on immigrant labor, legal and otherwise.” Fashion isn’t providing much concrete support behind the scenes, either. “I think another huge issue is that people are feeling really helpless in the sector. There aren't any resources,” says Chen. “We're not seeing trade organisations emerge and come up with guidelines for what employers can do in case of a raid.” She adds, “You have these executives who are operating very blindly.”Brands that lean too heavily on public declarations of diversity and inclusion without backing them up are losing credibility with values-driven shoppers. As Butler-Young explains, “The liberal consumer is just a little bit over hearing companies say something and then not do it.” Instead of splashing their values across LinkedIn or homepage banners, she notes that “some of the brands that are doing a good job by doing the work internally first and then talking about it.” The focus should also shift from performative allyship to practical, on-the-ground support—ensuring that businesses are equipped to respond meaningfully when their workers are directly impacted by policies like immigration raids. As Chen points out, “The most vulnerable people right now don't need big brands to post something on social media or grand political gestures. What they need is a solution to the problem. What they need is for their employers to be prepared.” Additional Resources:Garment Workers Are at Risk. Fashion Can’t Afford to Look Away.Five Years After George Floyd: Can Fashion Still Stand for Something? Hosted on Acast. See acast.com/privacy for more information.

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