Stay updated with breaking news from Luxury Study. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A decline in sales of new designer good is impacting luxury fashion houses but benefiting the secondary market - with one New Zealand reseller selling more...
How luxury brands are wooing the new-age consumer
Buying an authentic secondhand Louis Vuitton bag is no longer a risky back-alley adventure. And it is not just bargain hunters who are going online and bypassing the boutique experience in the first place.
High fashion fell out of fashion in 2020. With more people working from home and less occasion or desire to get dressed up to go to dinner or cocktail parties, sweatpants and other comfort clothing are the new black. Even Anna Wintour wore track pants while working from home, as Vogue magazine showed on its Instagram account in April. The market for personal luxury goods contracted this year for the first time since 2009, according to the 19th edition of the Bain & Co. Luxury Study, released last month in collaboration with Fondazione Altagamma, the Italian luxury-goods manufacturersâ i...