Achim Berg Launches FashionSights, an Independent Think Tank
Achim Berg is placing on his pondering cap.
The veteran advisor, who was a senior associate at McKinsey & Co., has launched FashionSights, an impartial company assume tank.
“The style and luxurious business faces unprecedented challenges, from stagnating prime traces in Western markets to rising prices throughout your entire worth chain, driving important polarization in efficiency,” Berg stated. “Compounding these pressures, exterior disruptions — starting from geopolitical conflicts and provide chain instability to evolving regulatory landscapes — proceed to emerge at an rising tempo.
“On this complicated panorama, senior decision-makers want clear insights, in-depth analytics, thought management {and professional} recommendation to navigate uncertainty and drive success,” he stated.
The assume tank is constructed round 4 pillars.
- Thought management that includes “distinctive views fueled by information and experience throughout quite a lot of codecs to have interaction and inform a broad viewers.” Among the many initiatives within the works is a guide, “The Way forward for Trend,” that will likely be drawn from interviews with greater than 50 business leaders.
- Advisory companies to senior decision-makers, founders, entrepreneurs and different stakeholders.
- Investments in each post-seed start-ups in addition to scale-ups on the intersection of style and expertise.
- Group: Berg desires to make use of FashionSights to convey collectively the style and luxurious group “to foster connections and collaboration.”
All collectively, the purpose is to assist form the style business’s future, partially by understanding its previous.
“The insights engine begins with a deep evaluation of the mega traits and disruptions which have formed the style business over the previous many years,” Berg stated. “However we transcend surface-level observations, uncovering the underlying financial, business and client drivers that have actually influenced its evolution. This deep historic understanding — hindsight — types the inspiration of our perspective on the way forward for style. Reasonably than merely extrapolating previous developments, we leverage a nuanced understanding of present and rising drivers, together with the probably reactions of market gamers, to develop true foresight.”
Berg has lengthy been a eager observer of the business, having spent 24 years at McKinsey, the place he helped begin the group’s attire, style and luxurious apply.
Late final 12 months, after leaving the McKinsey, he wrote a report analyzing Forbes’ wealthy lists for the previous 24 years. His analysis confirmed that the online value of style billionaires grew from a 4 % share in 2000 to 10 % in 2024, contemplating the general wealth of the highest 200.
LVMH Moët Hennessy Louis Vuitton‘s Bernard Arnault and Inditex founder Amancio Ortega have been each part of that enhance.
“The dynamics among the many richest are an impressively exact allegory for the polarization the style business has been going by way of for years,” Berg wrote. “Luxurious and worth gamers are dominating when it comes to numbers of billionaires and the online value they’re producing, whereas the premium and midmarket phase is squeezed.”
Clearly, Berg has loads extra to provide the business.
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