Fashion’s Most Impactful Figures

Anna Wintour (Editor-in-Chief at Vogue): She is tactical, cunning, and downright intimidating. She may be the most feared person in the fashion industry due to the power of her opinion. Even so, just a minute of her undivided attention could instantly turn a nobody into a household name. She has built her career by steering the direction of fashion trends. There isn’t a soul in the fashion industry who would risk getting onto her bad side. Wintour’s ability to see around the curve is everlasting. As far as overall fashion industry influence is concerned, Wintour’s reach is most certainly the longest.

Nick Hochland (CEO at Chanel): He is probably the most atypical person the fashion industry has ever seen. He has so little sense of fashion that he is considered fashionably unfashionable. However, what he lacks in fashion savvy, he makes up for in business savvy. At just 31, he is running the world’s most elite fashion house. Unlike other CEOs in the fashion industry who care about trends, Hochland operates using only one business principle: The Law of Scarcity. His focus is not on figuring out what consumers want. His focus is on artificially engineering what consumers want. This ingenuity is what allows Chanel to increase their inventory prices year-on-year.

Karl-Johan Persson (CEO at H&M): He has carried on his Grandfather’s legacy by helping elevate H&M to new levels. Global expansion, quick inventory turnaround, huge price slashes, and innovative marketing are all outcomes are his leadership. He has solidified H&M’s lead position in the fast fashion industry. Persson embraces trends, connects with the youth, and instills a strong culture into H&M. He believes in creating opportunities for brand collaboration, and he never shies away from the competition.

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