Luxury brands are embracing middle-class consumers with more affordable products, reshaping the industry while raising questions about quality, exclusivity, and sustainability. Facing slowed sales and ...
The longstanding chief executive of luxury soap brand Aesop is stepping down. Michael O’Keefe has been chief executive since 2003, leading the high-end brand through to $1bn of global sales this year.
U.S. spending on merchandise from top luxury brands fell 6% year on year in November ... who are more price sensitive. Appetite for high-end goods in China, one of the luxury goods industry ...
In yesterday’s New York Times, Katherine Zarella makes the point that the luxury brands like Louis Vuitton and Gucci have deteriorated in quality while their prices have escalated. She also says ...