Louis Vuitton: A Luxury Brand Is Dead, A Fashion Brand Is Born
As regular readers of The Luxe Chronicles know well, one of the recurring themes on this blog is the 'dumbing down' or diluting of a luxury brand that comes from mass expansion and mass distribution. This is understandably a sore point for some luxury brands who have aggressively pursued an expansion policy dubbed 'democratization of luxury' and have reaped considerable profit from it. For many critics of the industry however, this term has become code for ubiquitous branding of all manner of merchandise to increase short term profit with little regard for the brand's integrity and in turn, the industry's long term prospects. Journalist Dana Thomas in her highly acclaimed book "Deluxe: How Luxury Lost Its Luster" compared Louis Vuitton's expansive growth over the past decade to that of McDonald's suggesting that the 'LV' logo had become almost as ubiquitous as that of the fast food chain's. This statement famously got her "disinvited" to the Louis Vuitton runway show by an irate Yves Carcelle, CEO of Louis Vuitton. There were many protestations, denials and general hoopla surrounding Thomas' claims at the time of her book's launch coming from LVMH and other luxury groups. Yet, several news items of this past week suggests to me that her assessment, not to mention her fast food analogy with all its connotations, may have been dead on the money.
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