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":"a2d34a8651916733ac77c3bbf5dd1052","s":"bbfe9c2f83a0a45a"}
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