From left; by Jacopo Raule/, by Danny Martindale/WireImage, by Jacopo Raule/, by David M. Benett/.
After making stops in Paris and London, this year’s Business of Fashion 500 Gala is coming to New York Fashion Week. Fashion’s biggest players from around the world will gather September 9 at SoHo’s Public Hotel for the annual event. When asked why the gala has been moved to New York this year, Business of Fashion C.E.O. Imran Amed explained that New York is simply the “nerve center” of the fashion market.
“Each fashion capital plays its own role in the global fashion ecosystem, and New York is no exception,” he told Vanity Fair over e-mail. “Consumers from across America and around the world descend on New York in the millions, making it the most competitive market. So, for American brands and international brands alike, finding success in New York is the ultimate barometer of success. As they say, if you can’t make it in New York . . .”
The past year in the United States has been unpredictable, and even the fashion industry has been affected by the oft-changing politics and shifts in culture. Designers have spoken out through their collections, focusing on issues like feminism and immigration like never before, something that has not gone unnoticed by Amed.
“It’s been a turbulent year in the world—and a turbulent year for the fashion industry too—thousands of stores are closing, governments are changing, terrorism remains a constant issue,” he said. “In the always-on world of social media, the topic of mental health and wellness has entered the mainstream conversation. This year the fashion industry has been speaking more openly about all of these kinds of issues—and many of the people we are inducting into the BoF 500 this year are the ones driving these conversations within fashion—but also in the wider world.”
With guests in years past ranging from Kate Moss to Tory Burch to Will.i.am., the Business of Fashion 500 Gala is always an event to look out for—and Amed says this year will be no exception. “Relationships are built, old friendships are rekindled, deals are done, and much fun and merriment is had. I’d expect nothing different this year,” said Amed. “Except that I hope it will be our best ever.”
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