Luxury's Dark Mirror: The End of Excess? The latest figures from Kering, parent company to Gucci, Saint Laurent, and Bottega Veneta, reveal a disturbing trend.
In just 18 months, the luxury giant has closed at least 217 stores, with plans for more closures.
This is not a story about retail trends or consumer spending habits; it's a symptom of a deeper issue – the exhaustion of the high end model. For years, the luxury sector has been built on exclusivity and scarcity.