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Op-Ed | How Long Will the Luxury Myth Last?

Prices are up, quality is down and social media has made it plain for all to see, writes Eugene Rabkin.
A model (bag detail) walks the runway during the Chanel Cruise 2024-2025 show.
Big luxury’s powerful marketing mythology is at risk, argues Eugene Rabkin. (Getty Images)

So far, the 21st Century has been good to “big luxury” players. The Great Recession in the late 2000s threw luxury brands a curveball. But they soon bounced back as new wealth creation, notably in

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Further Reading

Is Chanel’s ‘Absolute Luxury’ Push Working?

With prices and quality for its flagship handbags under scrutiny, can the French couture giant reclaim the narrative? "We're not perfect," fashion president Bruno Pavlovsky said. "We're aware that our positioning obligates us to always do better, and we try to always do better."

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