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Intelligent and entertaining conversation about business, money, technology and workplace issues.
Presented by Heather Payton, each programme picks up on trends and returns to stories that have moved out of the headlines. |
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Shoes - a snip at £1,000,000 |
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Luxury
Luxury is something choice, costly or desirable, definitely not indispensable. But it's rather more than that, isn't it? Our parents and grandparents' view of luxury had little in common with our own. Luxury isn't luxury any more if everyone has it.
One of the things that changed about luxury was that, as our incomes soared through the 90's boom, it became accessible to all: mobile phones, pina coladas, designer trainers, whatever turns you on. Which was great news for the companies that made all those things, as perfectly ordinary people began buying their stuff.
During the 90's the top ten luxury names opened 14-hundred stores around the world. But perhaps inevitably it's now going a bit pear-shaped. Luxury conglomerates have cut their profit & growth forecasts. One even cancelled its runway presentation during the Paris fashion shows.
Probably it's hardly surprising, what with boom turning to bust, 9/11, Iraq and all the rest. But maybe, just maybe, there's something more to it than that. What if the luxury firms have shot themselves in the foot, lost their cachet, by making luxury, well, just not luxurious enough any more?
Guests:
Wayne Hemingway founder of Red or Dead, now of Hemingway Design
Tyler Brule, founder of Wallpaper magazine and now premium brand agency - Winkreative.
Rita Clifton, chairman of Interbrand
Kim Winser, chief executive Pringles of Scotland which has just opened flagship store in Sloane St.
James B Twitchell, professor of English at University of Florida & author of Living it Up : Our Love Affair with Luxury.
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