luxury brands

Luxury For The Rich

Reading Time: 2 minutes

True luxury or just ordinary?


When the concept of luxury was first presented to the public, it was reserved for the most wealthy. The brands were producing only the highest-quality items, making it an exclusive opportunity to purchase. One that only the lavish could afford.

Jump forward to the 21st century. Luxury has been made available to the high-class and middle-class. But even the low-class are finding ways to purchase. Even if that means sacrificing things they actually need. In this new generation, fitting into a high-status category is more important than saving for your future. The image is everything.

So if every person walking beside you on the street has access to a luxury brand, how are the highest economic class supposed to maintain their importance, aside from driving beside you in their Mercedes Benz.

Peeking through the illusion


There is a strong polarity that still remains between the high-class and all the others. Time. The middle and lower class might be able to afford a few nice purses, perfume, and some makeup. But those material items are only constructing a window for which they can peek through to see an inch of what the highest-class get to experience. Finally escaping from the fear of bringing your work to a halt. Many business owners within the elite would still bewell off even after taking a break from work for a while to spend time with family.
The middle class and below aren’t granted that privilege. They can buy the material items, but they can’t buy time.

True luxury: financial freedom and time


One of the only factors that persists in differentiating the rich from the rest, is the financial freedom to do and go wherever they’d like whenever they’d like. That’s an economic and social ability that can’t be bought on Rodeo Drive.
So I hope you’re enjoying the scent of your Chanel Number 5, but remember that until you alter your perspective you’ll still be on the outside.

✍️ A piece written by an American student studying fashion in Milan and interning for suite123, Gavriel Ewart.

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Luxury Brands & Young Audience

Reading Time: 3 minutes

A new perspective on luxury brands selling to the wrong audience


It is understandable for a business to market their products and services to a specific audience. Rationally, a business has a niche, and they sell to those who will respond to that niche.

It is an entirely different story if a luxury business is promoting to an audience who is undeniably not in the chapter of their lives where the concept of ‘luxury’ is available to them.

Is their strategy from an angle of manipulation?


As many know, during the late adolescent years when the frontal lobe of the brain has not finished developing, the youth are still heavily prone to absorbing information that’s restricted to them. The frontal lobe of the brain is responsible for planning, organizing, initiating, self-awareness, and intensive decision making. 

As a result, all external stimuli easily influence adolescents. Because of this, many businesses, the luxury fashion industry being one of the most convincing, use their advertising, locations, storefront displays, and interior design to lure the young. 

They eventually purchase an overpriced item that fools them into believing they are a part of the glamor status in society. When in reality, they are living with their parents and trying to pass their statistics exams. 

Is their strategy from a logical perspective?


According to Eurostat Statistics Explained, young citizens living in the metropolitan cities of Western Europe get paid an average of 332-2257 euros per month. Considering the fact that a younger employee would typically get paid on the minimum scale, they barely make ends meet. Therefore, it would be irrational to assume that they have a surplus of funds to spend on luxury pieces every month since they are still concerned with food, transportation, and possible rent charges. 

These results provide one clear conclusion, one that is frankly not too surprising. Luxury labels don’t care how the youth purchase their products, as long as they make profits.

Why luxury brands target the young audience

The true reason . . . . 
Profit. Profit with the dismissal of its grand effect on those who have little power to reverse the actions they didn’t know any better but to make. Many know that the youth are one of the most easily influenced generations. Yet all categories of business make a habit of exploiting them from all angles. 

“You don’t have the money to buy this purse? Well here is a high interest rate credit card with no instruction on how to prioritize paying. Do you want an education? Here is a $50,000 Unsubsidized loan that will take over half your life to pay back. Wait, you want a loan to start a business and become successful independently? No we can’t do that for you, you’ll need a hefty credit score to receive that privilege”. 

As said, it’s understandable to sell your products to those attracted to that niche and who can afford it. But the new reality presents that the niche of these companies is predominantly to sell to those who are required to max out their high interest credit cards in order to purchase.
Sadly, this singular purchase is what makes them feel included and accepted into this glamorous facade that people call reality. So don’t allow yourself to sink into the sand of manipulative brands. Don’t let yourself be blinded by the sparkly logos. Shade your eyes with your hands, not your overpriced sunglasses. 

✍️ A piece written by an American student studying fashion in Milan and interning for suite123, Gavriel Ewart.

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