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":"b669e76fcaf936b02d49e5a5514c2706","s":"b1fee7d4a8a777e3"}
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