Not just Gwyneth and Succession: How the economy is driving quiet luxury
Inside Retail
JULY 4, 2023
Crashing stock markets and inflation forced the wealthy to pare back outward displays of wealth. Prada, Loewe and Bottega Veneta presented elevated basics intended for small and curated capsule wardrobes. In the early 2000s, minimalism became popular largely as a result of the 1997 financial crisis.
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