From LVMH to Richement, brands built on status pursue younger customers amid signals that the salad days of the past two decades are over.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
Hermès reported financial results on Thursday that showed the scarf and handbag maker is doing pretty well.