Fashion Ownership

Introduction I certainly learned a lot about fashion in general in this cycle and also last cycle. One of the topics that I learned was the different type of ownerships. There are three types of ownerships and they are sole proprietor, partnership, and a corporation. A business owned and operated by one person is referred to as a sole proprietorship. A partnership is defined as a business created through a legal agreement between two or more people who are jointly responsible for the success or failure of the business. Lastly, a business that is chartered by a state and legally operates apart from the owner/owners is referred to as a corporation. What I mean by the word “chartered” is a legal document that grants certain rights and privileges to the company by the state. We also learned a lot about fashion shows and how it affects

Fashion shows promote a country’s fashion industries dramatically. In some cases, famous designers from different countries promote their own country fashion wise. When the audiences see the clothes they are attracted to the sight and want that garment. We also learned many high frequency words such as a buying center which means a central district in a city where fashion businesses sell products to retail buyers. Buying centers vary in the United States. The LA buying center has the largest concentration of fashion related businesses in the western United States. LA also host one of the major textile shows in the country that presents more than 11,000 textile designers. Other important high frequency words that we learned were design center, fashion week, and RTW. Design center is a district in a city where fashion design and production firms are clustered together. Periods during each year when fashion designers present new designs or collections are fashion weeks. Finally,