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  • Do Gen Yers have any interest in traditional luxury?
  • Do Gen Yers have any interest in traditional luxury?
    EventPhotosNYC, Creative Commons (2016) ©
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Has luxury fashion lost its lustre?

A decade ago, 'luxury' might have meant a Mercedes, a Prada bag or a Rolex. But in 2016, old symbols of extravagance are out and people are searching for more meaningful things to spend on. With the market thought to have grown just 1-2% in 2015, is this the end for traditional luxury fashion brands?