From outsourcing production to Chinese factories to dressing celebrities for red-carpet events; from fighting massive counterfeiting operations to building designer outlet malls across America - today's $157 billion-a-year luxury industry is worlds away from the boutique family-owned businesses of its past.
Newsweek's style and culture reporter Dana Thomas explores the darker side of the new luxury industry in her book DELUXE: How Luxury Lost Its Luster (August 16, 2007; Penguin Press) and reveals that instead of producing the finest products that money can buy, the luxury marketplace today focuses on the single goal that the major fashion labels don't want you to know about: maximizing profits.
Newsweek's style and culture reporter Dana Thomas explores the darker side of the new luxury industry in her book DELUXE: How Luxury Lost Its Luster (August 16, 2007; Penguin Press) and reveals that instead of producing the finest products that money can buy, the luxury marketplace today focuses on the single goal that the major fashion labels don't want you to know about: maximizing profits.
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