Capitalism’s Favorite Child

Global Fashion Business since 1850

Capitalism’s Favorite Child cover

Capitalism’s Favorite Child

Global Fashion Business since 1850

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Description

Combining research methods from business and global history, Donzé and Wubs equip readers with a vital and expansive new analysis of the development of the global fashion industry from the mid-19th century to today.

Ranging across Europe, the Americas and Asia over two centuries, Donzé and Wubs bring the work of manufacturers and designers together with trade associations, fashion forecasters and retailers to investigate the transformations of this truly global business - 'capitalism's favorite child' (Werner Sombart).. New data and sources reveal unexpected threads and detail within even such well-trodden narratives as Chanel under the occupation, the Nylon revolution, and the retail strategy of United Colours of Benetton.

What impact do the hidden histories of fabric trades such as cotton, wool and silk have on how we dress today? What continues to divide 'high' and 'low' fashion when low-cost production countries transition into high-income economies? How do technological changes from 'fast fashion' to e-commerce trace back to the industry's beginnings – and what can students, scholars, and industry leaders learn from this history about what the future might hold?

Featuring new work on unstudied areas from Swiss silk companies in East Asia to the influence of finance on modern fashion, this is the most global, long-term, and interconnected history of the industry to date.

Table of Contents

List of figures
List of tables
List of boxes
Acknowledgements
Introduction

1. The emergence of the modern fashion business
The global expansion of the commodity trade-wool, cotton, and silk
Technological innovation-textile machinery, sewing machines, and artificial colors
Standardization of sizes
New consumption temples-department stores
Conclusion

2. The rise of haute couture or high-end fashion
The inventor of a new business: Charles Frederick Worth
The heyday of French haute couture (1880–1939)
Haute couture as a transnational industry
Trade associations in haute couture
Conclusion

3. Fashion for the masses
Change in consumption habits
Clothing industry around the world
Networks and large factories
Producing fabrics for the European colonies
The internalization model in apparel retail: C&A
The outsourcing model: M&S
Conclusion

4. West meets East and the Rest
How British cotton conquered the world and deindustrialized India
Japan's Meiji Restoration, selective Westernization, and uniforms
Forced opening of China, the Opium Wars, and the Westernization of Chinese culture
Chinese and Japanese influences on Western fashion
Wax fabrics connected Asia, Europe, and Africa
Conclusion

5. American fashion
Fur, cotton, and slavery
Industrialization and textiles
Ready-to-wear
The rise of New York fashion
The rise of denim
Leisure and sportswear
Conclusion

6. Fashion, fascism, and the Second World War
Italian fascism, fashion, and fibers
Nazi autarky, Aryanization, and artificial fibers
Japan's fashion during the military dictatorship
Paris fashion during the German occupation
British-controlled fashion
American independence from Paris
Conclusion

7. Postwar fashion systems
A new business model for Parisian haute couture
US fashion industry-mass production, creativity and imitation
The emergence of Italian fashion
Western fashion and garments in Japan
Growth of global apparel industry
Conclusion

8. Global fashion: Outsourcing and the end of the production paradigm
Global shifts in the textile and apparel industries
The rise of global fashion companies
Mediatization of fashion
The Japanese way
Fashion in developing economies
Conclusion

9. Fashion conglomerates and fast fashion
The rise of LVMH
Financialization of luxury fashion brands
Fast fashion-retail and production
(Un)sustainability and fashion
Conclusion

10. Sports to fashion
Sportswear and casual style in the United States
A German sports-shoemaker conquers Germany-and then the world
Game changers-the rise of Nike and Reebok
Near-death experience and revival of adidas
Marketing of sportswear
Fashionalization of adidas
Conclusion

11. Digital fashion and global production networks
Globalization and global production networks
Fashion forecasting: WGSN (London) and Stylesight (New York)
E-commerce, fast fashion, and the destruction of traditional retail
Mediatization, bloggers, and influencers
The Fourth Industrial Revolution in fashion
Conclusion

Conclusion
References
Index

Product details

Published Feb 05 2026
Format Hardback
Edition 1st
Extent 272
ISBN 9781350109810
Imprint Bloomsbury Visual Arts
Illustrations 100 color illus
Dimensions 244 x 169 mm
Publisher Bloomsbury Publishing

About the contributors

Author

Pierre-Yves Donzé

Pierre-Yves Donzé is Professor of Business History…

Author

Ben Wubs

Ben Wubs is Professor of International Business Hi…

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