The End of Luxury Fashion? Struggles of The Luxury Business - Kering, LVMH, Chanel
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- Опубликовано: 5 окт 2024
- George Sully explores the unfolding crisis within the fashion industry as leading luxury conglomerates like Kering, LVMH, and Chanel face significant challenges. From the struggles at Gucci under new leadership to the abrupt departure of Chanel's creative director and LVMH's contract disputes, the industry appears to be in turmoil. This video delves into the broader implications of these developments, examining how a shift away from daring creativity towards a more conservative approach is affecting the luxury fashion landscape. Join us as we explore how this cautious shift is influencing iconic brands and what it could mean for the future of fashion.
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//DISCLAIMER:
The content of this video includes information sourced from various internet outlets. I do not have any affiliation with these sources; my role is solely to report on whats out there in a more entertaining fashion.
I do not assume responsibility for any inaccuracies or omissions in the content presented in this video. The information is derived from quoted sources and is not guaranteed to be complete, accurate, useful, or timely.
The whole point of buying luxury goods is for the quality of the craftsmanship and fabrication and we’re not seeing that happening anymore.
We also have to accept the fact that the so-called "luxury quality" has disappeared. Other than bold creativity, the top fashion houses were known for their unmatched quality. But that is simply not the story any more. With them losing two of three competitive advantages (the third being brand respect), the industry is bound to go through a deep crisis. Customers may be willing to buy subpar goods once or twice just for the brand name, but they also know when they're being fleeced.
Indeed. It has been shocking. And it’s all over. No exceptions. My colleague who ordered a shoulder Birkin, assured me Hermes was exempt from quality concerns (her grandmother left her a bequest and she chose to invest in a shoulder Birkin more practical for work than the original). She was using it for a month after waiting for a long time , when one of,the shoulder handles came out at the seam! They tried to tell her she put too much weight in it. She fought back and when investigating found stitching using plastic twine! She got a full refund. She then bought a vintage Ralph Lauren tote with which she is very happy. It is utterly shocking and depressing.
before and during 90s, designer make something, now designer only make variation of what that has made. Beside, at that time internet was new, brands need social media presense, that why they use extravagant designer like galliano. Now they focus on making sales
this narrative is so wrong, but I feel like people are just oversaturated with fantastic work all over the world, we see thousands of creatives with cool designs, but give them so little attention, that we only want more and more revolutionary ideas and in the meantime, we forget about all the work behind it...
just look at it from outside the little box you live in and you will see the evolution clearly
@@winst9546 listen, i always prefer to watch the fashion content like loro piana knit design award, andam and many ig account that promote fashion student and underrated brand. But corporate nowadays want to make money, they obsessed with infinite growth. Like my previous comment, social media & internet was a new thing back then, they are on marketing phase bc internet is available worldwide and now they go to a new phase of making money.
All dat *gtdupe* bags sssssoooooooo gorgeous
It’s impossible to sell luxury to every other person on the planet. Exclusivity is a tenet of luxury retailing so there is a point where is just all just becomes banal.
Great book called How Luxe Lost It’s Lustre talks about how,the luxe brands tried to play both sides.
Such GREAT comparisons! Allllll soooo lovely! Especially the *yutulu* tote. Their styles are so chic, sleek, elegant and understated! 😍
The *gtdupe* would be super cute during the fall with a nude or tan or even tonal outfit! i’m thinking a tan wool coat with that bag!!
If I had $1,000, I would choose to spend $100 on a bag to store my $900 instead of spending $1,000 on an empty bag *gtdupe*
The market is completely saturated - the rarity and exclusivity of many high-end fashion brands has diminished as the market becomes completely dominated by bourgeois customers (with bourgeois tastes). At the same time we find a complete lack of dignity and good taste from brands like Balenciaga and Louis Vuitton as they cater to the ostentatious and increasingly obscure tastes of the new Global ultra-rich.
I'm a huge fan of Demna's Balenciaga, and I have to agree. I love the designs but even I recognize how far removed it is from Cristóbal Balenciaga's originals.
Bourgeois customers are how brands survived. We buy RTW, accessories, lipsticks and fragrance. This enables the couture lines to continue. Blaming the customers is an extraordinarily reach. No brand can rely on the couture market. It just isn’t sustainable for a huge global brand.
Much LV is carried by the barely-bourgeois. My dry cleaner is obsessed with LV. She travels x2 yearly to the Champs Elysees store and buys up. Of course she is an excellent dry cleaner who does very well, but I doubt she’d feature in LV marketing.
THE CLASSY AND ELEGANCE LOOK IS GONE ....ALL NEW DESIGNERS STUFF TODAY LOOK SO TRASHY ....NEW GENERATION THEY LIKE TRENDY AND TRASHY LOOK ....THTS 2024
An all caps post also isn’t classy or elegant. It’s quite harsh on the eyes.
@@Protect-Privacy whoa whoa whooaaa....am sorry if its hurt your eyes lol its okay , is there a law for this ??
@@Majikdiva I wish! You were exhibiting the same type of behavior you were railing against! 😂
Interesting points! I don’t think luxury fashion will ever “end.” I believe there will always be people with the means and need to purchase status and the opportunity to feel “special.” (I have many luxury items myself, so that’s not a criticism; just an opinion.)
The planet will end it. We are utterly unsustainable and cannot continue thus. The exploitation of fur animals lizards and snakes etc is coming to an end.
Loved this piece ❤
so true!!!!
I think they are a bit disoriented. It's difficult to be a global brand and at the same time be a luxury brand. It is becoming more and more so. They have brutal competition with lower priced brands but for some reason their clothes are good.
Not any more. The quality is abomination and most fabrics are synthetic
Or simply, in a more challenging economic environment, singles and households with less disposable income are not spending as much on luxury items.
No one is. The markets have fallen apart, in part because the quality is so poor.
Why so many bots?
Hi everyone! My latest video is out!... Made By China In Italy? Italian Sweatshop Scandal Exposed! - Dior, LVMH - ruclips.net/video/QKUYAVNF8ug/видео.html - I can't believe this is news. This has been and open secret in the industry and I wonder why so many of us are still shocked. keep the comments coming!
This is how illuminati world works 😂😂😂
I bought a replica of a Chanel brooch for $20 to compare materials etc. The real brooch cost $800 and was made of the exact same materials - brass, synthetic pearls, glass. 🤦🏻♀ The other one is a $40 one *yutulu* Backpack Replica - also works for Compare - I can't find any difference and still use it for the gym 😅 yt
HEY #momcoco I have been watching you for years and im so proud of your achievements in bags! I love you so much! Also thanks for making my day
I don’t miss a day a week mamacoo This show..😂😂😂😂
i wish this explanation clip was long.. i love it! ❤
If you want to match different clothes, you may even need several bags with different styles or colors. You don’t want the bags to not match the clothes you are wearing, right? *gtdupe*