Sir Paul Smith speaks about fashion industry at UKFT event

Sir Paul Smith both inspired and entertained some of the top fashion CEOs at a breakfast hosted by the UK Fashion and Textile Association (UKFT) at The Ivy in London.

 

The designer, who set up his eponymous brand in 1970 which is now sold to 75 countries worldwide, spoke about his journey in the industry and what has contributed to his success.

“At Paul Smith we have grown gently,” he said. “We had no borrowings and a real Jam jar mentality; if there is money in the jar we spend it, if not we don&rsquo paul smith holdall bags;t. That is my way.”

He said that one of the important lessons learnt was the ability to say no and to be motivated by passion for what you do and not just for financial reward.

“Go with your gut, don’t do something for the sake of it. Learning when to say no is one of the most important lessons I have learnt. ”

He said that to survive in today’s tough fashion industry you need to “give everything&rdquo paul smith uk; or give up. “Live it paul smith wallets, love it and be very aware of your industry paul smith bags uk. Know everything you can about it, adore it. My business is always based on the heart, not financial motivations.