NEW YORK — Long-term deflation poses a more serious threat to the apparel community than any short-term economic downturn or political turmoil.
This was among the points emphasized by Joseph Abruzzo, senior vice president of J.P. Morgan Chase Bank, as a group of bankers specializing in the middle market discussed "Banking: Today and Tomorrow" during a New York Institute of Credit presentation last week. Also participating were Lissa Baum, first senior vice president, Israel Discount Bank of New York (IDB Bank), and Daniel Greene, senior vice president, Fleet Bank.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"