The Great Debate UK

Resilience in the luxury market amid downturn


Ben Hughes- Ben Hughes is deputy CEO and global commercial director at the Financial Times. The opinions expressed are his own. -

Last month Italian luxury fashion house Fendi unveiled a handbag made of python leather and dipped in 24-carat gold. Price? A cool $36,000.

You would expect the bag to last the buyer for quite a while. This, after all, is the point of difference between a ‘luxury’ item and a ‘designer’ one.

As well as being the beautiful creation of a famous name, luxury goods should be manufactured to the highest standards.