Excerpt: SAINT LAURENT. RESORT 2023
"It's hard to know were the luxury fashion market is heading in 2023. Any more or less than after its dramatic slowdown in 2020 when the pandemic allowed conglomerates to be heavily underwritten, in lieu of the go-for-broke openings that occurred after vaccination rates reached the desired 'global' level. As global deaths surged from COVID-19 so did the stock market in readying for pent up consumption, that did indeed go through the roof and so did inflation. The COVID slowdown could have heralded something special out of the fashion industry and society in general. But it didn't, instead it was a hyper speed spending and travel plans that was the new normal. We are truly the instruments of our own fraught existence. No one else to blame.
I was surprised, as much as everyone when Alexandro Michele of Gucci stepped down as creative director, and if l think back to when the global lockdowns occurred nearly three years ago, to which he wrote a heartful open letter that, in retrospective, was about how the pandemic could've made the fashion industry look at itself. Michele's idealism and sincerity was cast aside when Kering, a publicly held entity and the holding company of Gucci pushed to keep their mega sales going in the year that followed..."
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(A.Glass 2023)
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