A few weeks ago, rumours abounded about Tom Ford possibly returning to Gucci, after Frida Giannini’s departure. While there is no doubting Mr Ford’s all-round creative nous, from couture to perfume and makeup, and film making, it would have been disappointing if he did return to the role. In the event, Ms Giannini was replaced by Alessandro Michele.
The technology industry isn’t the only gender-imbalanced industry in this world. Women’s fashion world redefines the imbalance between the customer base of women, who spend but where value appropriation is disproportionately made by men.
It is men, who overwhelmingly own stakes in, invest in, and lead companies that serve the women’s fashion market. For instance, Richemont, that owns Net-a-Porter, Chloé , Azzedine Alaïa, Van Cleef & Arpels and Cartier amongst others, fields, at the time of writing on March the 8th, 2015, a board consisting of 18 men and one woman! Doing better is Kering (formerly PPR) led by Francois-Henri Pinault with a board of 11 of which 4 are women. Kering owns, to varying degrees fashion brands such as Gucci, Saint Laurent Paris, Stella McCartney, Alexander McQueen, Bottega Veneta amongst others.
Men are also overwhelmingly the creative leads in many of women’s fashion brands. Here is a roll call for the uninitiated — Nicolas Ghesquière at LVMH, Karl Lagerfeld at Chanel and Fendi, Christopher Bailey at Burberry, Alexander Wang at Balenciaga, Hedi Slimane at St Laurent Paris, Jean-Paul Gaultier at the eponymous brand which is fair enough but he was at Hermès 2003-10, Rodolfo Paglialunga at Jil Sander, Alber Elbaz at Lanvin, John Anderson at Loewe, Olivier Rousteing at Balmain, and John Galliano having recently returned with Maison Margiela (he was earlier at Dior).
Which makes it worth celebrating Miuccia Prada at Prada, Donatella Versace at Versace (with Anthony Vaccarello at Versus), the incomparable Vivienne Westwood, Jenna Lyons at J Crew, and Hermès’s 2014 appointee Nadège Vanhee-Cybulski.
The magazines that serve women’s fashion market, Vogue and Harper’s Bazaar to name but two, are owned by corporations – Condé Nast and Hearst respectively – where almost all board directors and senior executives are male. Hearst has one female board director, Condé Nast‘s imbalance is tipped by the presence of Anna Wintour, the well-known industry heavyweight.
I should however point out that mainly British women are in charge of some of the most influential fashion magazines including Glenda Bailey and Justine Picardie at the Harper’s Bazaar respectively in the USA and the UK, and Anna Wintour and Alexandra Shulman at the Vogue respectively in the USA and the UK. Thank goodness also for Vanessa Friedman, Suzy Menkes, Jo Ellison, Christina Binkley who witness, document and report on the fashion industry from the front row and beyond!
So why is it that when we talk of gender imbalance, we get stuck at the technology industry and Silicon Valley?
Why not start at the obvious — where women are spending money but where the value appropriation is overwhelmingly not made by women?