As the luxury sector copes with single-digit growth, executives look back with fondness to the booming nineties —and ponder whether they will ever return.
The Nineties. They were the go-go decade of double-digit sales and earnings, a time when fashion companies had to hire extra security to cope with the shopping mobs, and when some luxury groups were so eager for acquisitions they ignored price tags and played dirty tricks on competitors. To some, it appeared the growth would last forever.
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)