Luxury Briefing: When it comes to fundraising, ‘everything outside of AI is contracting’

For this week’s briefing, Glossy spoke to several fashion and luxury executives about the struggles of fundraising at a time when the market is contracting and the possibility of continued growth without venture capital. Scroll down to use Glossy+ Comments, giving the Glossy+ community the opportunity to join discussions around industry topics.

The luxury fashion industry is facing a dual problem: a significant downturn in consumer spending, and skittish investors and VC firms demanding more immediate returns for their money. Just last week, Moda Operandi reportedly began seeking funding from private equity investors — its first fundraising attempt since raising $13 million in 2021.

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