State of Luxe

When we think of the highest echelon of luxury fashion we think of couture where each made-to-measure piece is worth a minimum of $100,000. On the next level we see luxury ready-to-wear pieces where exotic leather bags get the ticket of most expensive items. But as the pandemic arrived worldwide, luxury purchases plummeted down to red alert proportions. Shifting to just the essentials, consumers traded their luxury purchases for hygiene products and tech items that