Another key question concerns the future of those brands that, in order to reach the widest audience, have lowered their exclusivity. Valentino, for example, eliminated its sub-brand Red Valentino to preserve the prestige of the brand. Others, like Rolex, limit the production of the most affordable models to maintain the aura of exclusivity. The luxury industry is therefore facing a challenge: how to reconcile the need to sell to a wider clientele without compromising its exclusive status?
The luxury industry is going through a period of change. Expansion into emerging markets and offering cheaper products are no longer enough to guarantee growth.
prices are putting a strain on the sector, but this does not mean that luxury is disappearing. Rather, it is evolving and focusing on a niche of wealthier consumers, while the rest industry email list of the market will have to deal with an increasingly selective and conscious consumer. In short, luxury is not dead, but is going through a phase of profound transformation.tep Inside the Circle” is a powerful and innovative project conceived by filmmaker and activist Fritzi Horstman, founder of the organization Compassion Prison Project. This project focuses on raising awareness about the connection between childhood trauma and the prison system, particularly in California prisons. The documentary, which has received widespread media coverage, is a bold attempt to highlight prison conditions and the devastating impact of childhood trauma on the prison population.
The heart of the project is a powerful experiment conducted in various prisons in California, where inmates are invited to form a circle. This circle is not only symbolic, but also serves to create a sense of belonging and human connection. The inmates take a step forward every time the director asks a question that corresponds to a traumatic experience from their childhood. The questions can be “Were you physically abused,” “Did you have a parent who was a drug addict,” or “Did you witness domestic violence.”