In the US, there’s a growing demand for ‘quiet luxury’ in the fashion space, driven partly by the representation of wealth in popular culture. Within this context, Loro Piana’s popularity is surging by typifying aspirational dressing through rare materials and minimalistic designs.
The luxury market is one of the few sectors that remains unaffected during a recession. While some statistics suggest that stock prices in luxury companies fall across the board, others show rising sales figures in times of financial downturn. Unlike so many other sectors, is luxury recession-proof?
Fear of God, a luxury fashion label that taps streetwear style, has tripled its sales since 2020. As the brand gears up for its next chapter, it’s confronting a change in attitudes among high-end consumers, who are seeking more than just sumptuous staples to wear in the comfort of their homes.
The TV series Succession has sparked a change in the aesthetics of wealth. Plain luxury baseball caps with staggering price tags have soared in popularity after being featured on the show, leading a once-exclusive sign of wealth for UHNWIs into the mainstream.
In the world of fashion, Phoebe Philo is an icon who ushered in an era of ‘quiet luxury’ during her tenures at Chloé and Céline. As the designer looks to make a return with her own namesake label, are people now investing in high-quality clothing that can stand the test of time?