Companies with more ethnically diverse executive teams are 33% more likely to outperform competitors—and it looks like fashion brands like Gucci are catching on.
widely criticized for evoking blackface symbolism
Now, in what appears to be a deeper effort to show it’s taking diversity and inclusion efforts seriously, Gucci named Renée Tirado as its first-ever global head of diversity, equity and inclusion. Tirado is the former chief diversity and inclusion officer for Major League Baseball. “[A chief diversity officer] is common in higher education, but given social media and consumer demands, it’s now placed more pressure on companies and corporations to do the same thing,” Ronald Milon, chief diversity officer at the Fashion Institute of Technology, toldCompanies with more ethnically diverse executive teams are 33% more likely to outperform competitors, according to aconducted by management consultant firm McKisney & Company finds that, and it looks like fashion brands are...
Kass and Milon were part of a one-day forum last October, coordinated by the Council of Fashion Designers of America and the American clothing company PVH Corp., to bring together industry leaders and higher education professionals for a discussion on the state of diversity and inclusion in the fashion industry. based off the forum in which 41% of industry professionals surveyed rated their organization as having an average level of diversity.
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