A shift in Luxury
Valeria Baker
Luxury is in the throes of a profound pivot, one that unsettles the very scaffolding of aspiration on which empires like LVMH and Kering were built.
The real momentum now comes not from the global tourist tide but from the fiercely local, high-spend client, whose appetite runs to the rare and the enduring — Hermès’ elusive leather icons, Richemont’s jewelled marvels, the watch as modern relic.
And in Japan, the question lingers: are we watching the curtain fall on the era of fashionable leather, as the timeless edges out the merely trendy?
All will be revealed in The Luxury Report.
