Invisible Dynamics

What consumers are revealing about luxury’s crisis and the decisions that helped create it A luxury purchase contains an act of trust. The customer cannot independently verify every hour of craftsmanship, every production decision or every claim about provenance. Part of what they buy is the belief that the house has protected standards on their behalf. This makes luxury unusually dependent on the relationship between what a brand promises and what its organisation actu

At the Milano Fashion Global Summit, two influential voices offered apparently different readings of the future of luxury. Renzo Rosso, the entrepreneur who transformed Diesel into a global icon and built OTB into an international fashion and luxury group, offered a deliberately provocative warning: there may be no real recovery if the industry continues to wait for consumers to return to their previous purchasing habits. Brunello Cucinelli offered a more optimistic interpret