The Future of Luxury: Is This The End of High Fashion?

Yesterday, I was shopping at Louis Vuitton when I noticed something strange…

The world of luxury is changing right before our eyes. McKinsey’s latest State of Fashion report reveals a slowdown in growth, rising consumer price sensitivity, and a surge in ‘dupes’ replacing high-end products.

Are we witnessing the decline of luxury as we know it? Or is this just the beginning of a new era?

🔗 Sources: McKinsey’s State of Fashion Report