Forget the same-old, same-old business model in which luxury groups had total control over their brands: The new ecosystem model will require a confederation of partnerships and alliances.
According to a research report from The Boston Consulting Group on “Luxury Ecosystems: Controlling Your Brand While Letting It Go,” the new confederation that’s assembled and united by a shared vision for the brand’s future will help reduce the risks and costs of innovation as well as the challenges of scale faced by many luxury brands.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)