Luxury Industry, from Tower of Babel to a Future of Exclusivity

From the perspective of the luxury merchant and the wealthy consumer, what used to be a simple communication of social status has become very complex: There are more communicators (more wealthy) in more places (globalization) with more choices regarding how to communicate (luxury alternatives) than ever before. If luxury is the language of wealth, the luxury industry has become a Tower of Babel.

Courting The Wealthy Woman

by Milton Pedraza - CEO The Luxury Institute
She’s educated, employed, and controls the lion’s share of spending in wealthy households.
Nine of ten times she is married, or living with a life partner. Her responsibilities often include working at a high-paying job or running her own business while also caring for a child or a parent [...]