Op-Ed: Why Fashion Is Not Crashing
Last week Raf Simons left Dior after only three and a half year tenure. Some weeks before that, Alexander Wang exited Balenciaga. Both designers cited the desire to concentrate on their own brands as the main reason for leaving and made the obligatory public statements of gratitude to their corporate employers. But some in the fashion press took the opportunity to voice the old refrain – the fashion system is broken and it needs to be fixed.