New York fashion week is proving a particularly perplexing time for brands as they continue to grapple with a global slowdown, leading many to question what luxury even means today.
For some consumers, it is always going to be about a gleaming five-figure handbag. For others, it is a limited-edition Labubu. While a certain cohort considers a plain cashmere jumper to be the peak of high status, logomania endures for others. Vintage shopping is now used to denote quality but equally buying nothing has become a powerful signifier.
