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TIL that Louis Vuitton burns surplus bags and products at the end of each year. This maintains exclusivity of the brand and ensures that their products are never sold at a discounted
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Saks' Marc Metrick on Q2, Luxury and Re-Engineering the Brand – WWD
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Giving Up the Designer Bag Dream: Vuitton or Chanel Bag Price Increase
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How LVMH plans to reattract 'aspirational' luxury shoppers: the US consumer is thinking twice about spending amid high inflation – but don't expect discounts from the fashion giant behind LV and Dior
Inflation is making luxury handbags 'unaffordable to an aspirational buyer
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The rise of mid-range designer handbags
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How to Make Your Brand Matter in the New Retail Paradigm
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Why I've given up the dream of a designer bag
Inflation is making luxury handbags 'unaffordable to an aspirational buyer
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Luxury Brands Want the Aspirational Shopper, But Not at a Discount
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Gucci Slippers, Balenciaga Belts: Inflation Hurts Cheaper Luxury Products - Bloomberg
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How LVMH plans to reattract 'aspirational' luxury shoppers: the US consumer is thinking twice about spending amid high inflation – but don't expect discounts from the fashion giant behind LV and Dior
Why That Gucci Bag Will Only Make You Poorer. Avoid Going Broke Trying to Impress People, Wal