MONTE CARLO — Luxury goods companies going on shopping sprees — or branching out into technology or interior design — are trends that are firmly in the past as the sector tries to recover from the recession.
Somber times demand a return to the core values of luxury, above all exclusivity, and a reassessment of the business as customer expectations change, executives agree.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)