Even though big names such as Loewe, Balmain, Armani, Chanel and Maison Margiela made their statements here, almost equally prominent were mall favourites like H&M, Hilfiger and even Gap. Yes, on celebrities.
How did luxury labels fall out of favour with celebrities? Simply because they did so with consumers first. Even though many European luxury brands are showing an uptick in their numbers, their consumers are mostly the new rich or the aspirational rich. These don’t bring much cred to the brand, they mitigate the label’s snob appeal instead.
This story is from the May 26, 2024 edition of THE WEEK India.
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This story is from the May 26, 2024 edition of THE WEEK India.
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