Marketing
April 30, 2026
Chanel Paris Fashion Week Spring Summer 2019. Image credit: Shutterstock
By Mickey Alam Khan
There is only one business worldwide where the bulk of its growth over five years came from more price increases than unit sales: luxury. That strategy requires going back to the well time and time again, depleting the aquifers of good will and brand equity.
{"ct":"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","iv":"94fa4d2b97591967b63bbde8e3e9d892","s":"22c19cf05c40c14a"}
Share your thoughts. Click here