Joel Krupa and Sali El-Sadig, Alliance Against Modern Slavery
High fashion is an integral part of everyday life in the great cities of the industrialized world. Often clustered on prestigious roads, we find the high fashion boutiques in places like Bond Street in London, Fifth Avenue in New York, and Bloor Street in Toronto regularly topping the lists of the most expensive retail spaces in the world. Of course, items like the stitched $15,000 (USD) Hermes bag or the $1,700 Louis Vuitton scarf may raise a few eyebrows among even the deepest of pockets and will remain the strict purview of oligarchs and business moguls for years to come. However, fashion has recognized its influential position and has aggressively moved into the mainstream by targeting more budget-conscious consumers and, in the process, it has become truly international and cosmopolitan. Every year, millions of people around the world casually hand over thousands of dollars for name brands like Hugo Boss, Gucci, and Prada, and hand over many times more for less prestigious names like GAP and Nike. With the emergence of luxury-hungry markets like China and India, these trends show no signs of abating in the near future. Continue reading