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Is Australian Fashion Week officially dead? Runway event 'put on the market for $1million' amid fears it has been ruined by reality stars, wannabes and micro-influencers
Australian Fashion Week is up for sale.
The annual event has been run by American company IMG since 2005, and the business has quietly slipped it on to the market with a price tag of $1million, according to The Daily Telegraph. No specific reason for the sale has been confirmed, but rumours have run rife that AFW has struggled to maintain its once respected reputation as an 'essential showcase of top designers Down Under'. Industry insiders told Daily Mail Australia this year's designers wanted nothing to do with 'fame hungry MAFS stars desperate to be seen at fashion week'.
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