background image
16
BUSINESS CHICKS latte magazine
ashion is big business. According to the
Australian Government, Department of
Foreign Affairs and Trade, fashion in
Australia is a $14 billion industry. Imag-
ine, then, immersing yourself in it for a
living? For the fashion folk we interviewed
for Latte, it's certainly in their veins.
Daniel Hill, General Manger of IMG Fash-
ion Australia, describes the fashion industry
as one of the more exceptional industries he's
worked in. "The work and dedication design-
ers put into what they do are nothing short of
admirable. It is a tough business; there's a lot
of creativity and innovation and they put them-
selves out there for public judgment, because
ultimately, that's what it is. If the clothes sell,
they've been judged by the public ­ and prior
to that, judged by the media and buyers. So, to
put yourself out there because you're passion-
ate about your creativity and your industry is
just so incredibly outstanding."
Hill echoes what many of us are acutely
aware of: that the business of fashion can be an
incredibly tough one, even more so since
the so-called global financial crisis.
"There are many people who dream of
being fashion designers, but to capture
the attention of the limited target mar-
ket is exceptionally hard. You've got
to work harder, be more creative
and really put yourself out there,
while understanding who wants
what in fashion, to therefore buy
your clothes."
"One of the challenges for
Australian designers is that a lot
of the manufacturing is moving
offshore, so creating clothing
and getting the lowest possible
price for the highest possible
level of manufacturing is an-
other issue.
Hill's job is to, as he
modestly says, "put up tents",
but the operation behind the
set-up of fashion festivals has
to be seen to be believed. Per-
fectly pitched marquees house
the hub of activity typical of a fash-
ion festival.
"The Festival is basically marketed to the
consumer; to come into the city to see a show.
We then deal with designers to get their col-
lections on the runway. The challenge then for
us is how to come up with a strategy to
get consumers in-store buying those
clothes. That's our commitment to
Australian designers and the retail in-
dustry - to ensure we're providing
a little push for the industry.
With each state stag-
ing their own events
and more being added
to the fashion calendar
each year, it's a business
that shows no signs of
slowing down.
Indeed, according to Phil
Bonnano, Director of Retail
Strategy at The Leading Edge
("we're not forecasters as such,
but it is our job on our clients' be-
half to understand consumers and
how they're feeling today, and in
the future"), the negative trends
on retail spending are starting to
slow down.
"There are
many people
who dream of
being fashion
designers, but
to capture the
attention of
the limited
target market
is exceptionally
hard."
>>>
F
Daniel Hill,
General
Manger of
IMG Fashion
Australia