This document discusses the potential for an "infant" fashion industry to become a major global player. It aims to analyze the growth and profitability of newer fashion companies compared to established brands. Specifically, it will examine luxury/designer fashion, athleisure/sportswear, and fast fashion categories. The analysis will help entrepreneurs understand business prospects and success strategies, especially during the COVID-19 pandemic. A brief history of the major fashion clusters in Paris, New York, London, and Milan is also provided. Key concepts like economies of scale and cluster economies that have benefited current fashion capitals are explained. Emerging fashion industries in places like Sweden, India, and parts of Africa and Asia are also mentioned.