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  • Even celebrities can have a hard time affording luxury handbags
  • Even celebrities can have a hard time affording luxury handbags
    Francesca Romana Correale, Creative Commons (2000) ©
REPORT

Bankrupted by designer bags

As emerging economies transform the consumer base for high-end goods, luxury is moving out of range of all but the very richest. The fashion industry is rushing to fill the gap, as the notion of aspiration is remodelled to appeal to a diverse range of consumers – and budgets.