In Brands, Insight, Trend

Luxury used to have a very clear-cut definition. A luxury item usually had a hefty price tag, came from a well-respected legacy brand, and was accessible only to a certain income level. Now, the luxury goods market has been entirely disrupted—even the word itself can be interpreted in many different ways. This was apparent when Louis Vuitton recently partnered with fashion designer Virgil Abloh, who is known for his tendency towards streetwear, and Gucci released a pair of sneakers for its Pre Fall 2018 line.

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