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Luxury Is Losing Its Lustre As American Affluents’ Priorities Shift

Latest results of Research The Affluent Luxury Tracking study reveal a HNW/UHNW American consumer balancing their spending between indulgence and restraint.

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Supreme

Supreme Acquired by EssilorLuxottica for $1.5 Billion From VF: What’s Next for the Streetwear Brand?

VF is selling Supreme to EssilorLuxottica for $1.5 billion, far less than it paid in 2020. Since then, Supreme has fallen hard in the fast-paced streetwear business.

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