![The ultra-luxury segment is thriving Confirmed by year-end reports of Moncler and Hermès](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/42248/ultralusso_nssmag_verticale.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/42248/ultralusso_nssmag_verticale.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/42248/ultralusso_nssmag_verticale.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/42248/ultralusso_nssmag_verticale.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/42248/ultralusso_nssmag_verticale.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/42248/ultralusso_nssmag_verticale.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/42248/ultralusso_nssmag_verticale.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/42248/ultralusso_nssmag_verticale.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/42248/ultralusso_nssmag_verticale.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/42248/ultralusso_nssmag_verticale.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/42248/ultralusso_nssmag_verticale.webp 2560w)
Articles related to luxury crisis
![The ultra-luxury segment is thriving Confirmed by year-end reports of Moncler and Hermès](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/42248/ultralusso_nssmag_verticale.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/42248/ultralusso_nssmag_verticale.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/42248/ultralusso_nssmag_verticale.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/42248/ultralusso_nssmag_verticale.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/42248/ultralusso_nssmag_verticale.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/42248/ultralusso_nssmag_verticale.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/42248/ultralusso_nssmag_verticale.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/42248/ultralusso_nssmag_verticale.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/42248/ultralusso_nssmag_verticale.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/42248/ultralusso_nssmag_verticale.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/42248/ultralusso_nssmag_verticale.webp 2560w)
![Could the resell market be the future for fashion brands? Rivals? Allies? Fashion cannot afford to remain in doubt](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/42228/nl4.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/42228/nl4.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/42228/nl4.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/42228/nl4.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/42228/nl4.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/42228/nl4.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/42228/nl4.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/42228/nl4.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/42228/nl4.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/42228/nl4.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/42228/nl4.webp 2560w)
Could the resell market be the future for fashion brands?
![Are brands still able to capitalize on Chinese New Year? The year of the snake shows adverse results](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41905/chinesenewyear_nssmag_verticale.webp 2560w)
Are brands still able to capitalize on Chinese New Year?
![Why did the 2008 push the luxury industry to reinvent itself? A past much closer than we think](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41877/2008crisi_nssmag_verticale.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41877/2008crisi_nssmag_verticale.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41877/2008crisi_nssmag_verticale.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41877/2008crisi_nssmag_verticale.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41877/2008crisi_nssmag_verticale.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41877/2008crisi_nssmag_verticale.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41877/2008crisi_nssmag_verticale.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41877/2008crisi_nssmag_verticale.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41877/2008crisi_nssmag_verticale.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41877/2008crisi_nssmag_verticale.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41877/2008crisi_nssmag_verticale.webp 2560w)
Why did the 2008 push the luxury industry to reinvent itself?
![Will fashion start courting Trump too? Large U.S. corporations have already begun to do so](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41788/cover-trump.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41788/cover-trump.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41788/cover-trump.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41788/cover-trump.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41788/cover-trump.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41788/cover-trump.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41788/cover-trump.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41788/cover-trump.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41788/cover-trump.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41788/cover-trump.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41788/cover-trump.webp 2560w)
Will fashion start courting Trump too?
![Hermes' prestige challenged by $78 bag The irony of the success of ‘Walmart Birkin’ in a luxury world shaken by the crisis](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41658/Le-Walmart-Birkin-a-touche-une-corde-sensible.webp 2560w)
Hermes' prestige challenged by $78 bag
![The second-hand luxury obsession finally arrived in China Perhaps the luxury crisis is only found in flagship stores](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41231/chinasecondhand_nssmag_verticale.png 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41231/chinasecondhand_nssmag_verticale.png 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41231/chinasecondhand_nssmag_verticale.png 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41231/chinasecondhand_nssmag_verticale.png 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41231/chinasecondhand_nssmag_verticale.png 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41231/chinasecondhand_nssmag_verticale.png 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41231/chinasecondhand_nssmag_verticale.png 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41231/chinasecondhand_nssmag_verticale.png 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41231/chinasecondhand_nssmag_verticale.png 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41231/chinasecondhand_nssmag_verticale.png 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41231/chinasecondhand_nssmag_verticale.png 2560w)
The second-hand luxury obsession finally arrived in China
![Heeled sneakers are making a comeback, but Isabel Marant is faltering Record decline for the French brand, with figures never seen before](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41205/Isabel-Marant-chute-vente(1).jpeg 2560w)
Heeled sneakers are making a comeback, but Isabel Marant is faltering
![The paradox of fashion sustainability The State of Fashion 2025 report summarizes the year and forecasts the coming year in terms of the industry's performance](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/41170/report2025_nssmag_verticale.png 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/41170/report2025_nssmag_verticale.png 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/41170/report2025_nssmag_verticale.png 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/41170/report2025_nssmag_verticale.png 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/41170/report2025_nssmag_verticale.png 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/41170/report2025_nssmag_verticale.png 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/41170/report2025_nssmag_verticale.png 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/41170/report2025_nssmag_verticale.png 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/41170/report2025_nssmag_verticale.png 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/41170/report2025_nssmag_verticale.png 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/41170/report2025_nssmag_verticale.png 2560w)
The paradox of fashion sustainability
![Despite the slowdown in China, Bruno Pavlovsky of Chanel remains confident The House strengthens its commitment to Hong Kong with a replica of its 24-25 cruise collection](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/40971/Despite-the-slowdown-in-China-Bruno-Pavlovsky-of-Chanel-is-not-worried.jpeg 2560w)
Despite the slowdown in China, Bruno Pavlovsky of Chanel remains confident
![In China, Chanel might be laying off 50% of its staff In times of crisis, even the most established brands pull the brakes](https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=320,height=400/images/galleries/40761/cover-chanel.jpg 320w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=480,height=600/images/galleries/40761/cover-chanel.jpg 480w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=576,height=720/images/galleries/40761/cover-chanel.jpg 576w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=768,height=960/images/galleries/40761/cover-chanel.jpg 768w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=992,height=1240/images/galleries/40761/cover-chanel.jpg 992w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1024,height=1280/images/galleries/40761/cover-chanel.jpg 1024w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1280,height=1600/images/galleries/40761/cover-chanel.jpg 1280w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1440,height=1800/images/galleries/40761/cover-chanel.jpg 1440w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1600,height=2000/images/galleries/40761/cover-chanel.jpg 1600w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=1920,height=2400/images/galleries/40761/cover-chanel.jpg 1920w, https://data2.nssmag.com/cdn-cgi/image/fit=crop,width=2560,height=3200/images/galleries/40761/cover-chanel.jpg 2560w)