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":"666387073fd1f5ac7e1a2c9d53ed1d7e","s":"6ef26d7fca8b0e93"}
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