Yves Carcelle, chairman and chief executive officer of Louis Vuitton, who just feted the brand’s new flagship in Kobe, Japan, took some time to extol some of his characteristic optimism about the growing demand for luxury goods in markets both mature and developing — economic crisis notwithstanding.
“The desire for luxury is stronger every year,” he surmised. “For people it is a way of expressing, treating themselves. If they are concerned [about their futures] maybe they postpone, maybe they decrease their spending a little bit but their desire is intact.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"