New York Fashion Week Contributes $900M to Economy Says CFDA CEO

As New York City gears up for another exciting fashion week, we sit down with CEO of the Council of Fashion Designers of America, Steven Kolb. Photographers and fashionistas are ready to swarm Lincoln Center, where beautiful people in equally stunning clothing attend Mercedes-Benz Fashion Week. It’s an international event, drawing models, designers, and buyers from all around the world, but how much do we know about the business aspect of the industry? Kolb explains why this high-profile event is very much relevant in building a fashion brand, and how the global economy plays a big part. TheStreet’s Kurumi Fukushima reports from New York.