Gone are the family-owned businesses dedicated to integrity and quality the industry is now run by multi-billion dollar global corporations focused on growth, visibility, brand-awareness, advertising and above all, profits. Today's luxury marketplace would be virtually unrecognizable to its founders. Luxury wasn't simply a product, it was a lifestyle, one that denoted a history of tradition, superior quality and offered a pampered buying experience. There was a time when luxury was available only to the rarefied and aristocratic world of old money and royalty.
A hard-hitting behind-the-scenes look at the luxury fashion industry today
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