'I think everybody is rethinking what the fashion industry stands for, what it means, what it should be,' Vogue editor Anna Wintour told CNBC.
called "A Common Thread," which gives grants to those in fashion who are struggling during the pandemic.Marco Piraccini | Archivio Marco Piraccini | Mondadori Portfolio via Getty Images
"This was an opportunity for the industry ... to help these people and make them understand that there is indeed a future for young creative talent and that they aren't going to have to close up shop," said Wintour, who noted, said she believes the Covid-19 crisis will alter how people approach fashion in the future, with an eye toward sustainability and "the value of what they're buying, whatever the price point.
"And I think it's an opportunity for everybody to slow down, produce less, and really make the world over fall in love with the creativity and passion of fashion," Wintour said. "And maybe have a little bit less of an emphasis on things moving so quickly and an emphasis always on what's new."
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