Editorials
March 13, 2026
Brunello Cucinelli store on Sloane Street in London's Knightsbridge. Image credit: William Barton, Shutterstock
By Mickey Alam Khan
For years we’ve heard that the term “luxury” doesn’t stand for what it was intended: exclusive, rare, high quality. Many folks want to dump the word but have no substitute. In reality, luxury has undergone a silent divergence, with three camps catering to distinct audiences.
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","iv":"9ada7b7af8f6492bb83504c7cb0b4c8b","s":"3143382e75ba50e2"}
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