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Fashion |Opinion Featured

Luxury's hefty markup and the price of prestige

Recent reports revealing that Dior suppliers in Italy paid a mere 53 euros to assemble a men’s accessory retailing more than 2,500 euros have cast a stark light on the economics of luxury goods. This staggering disparity between production costs and retail prices is not an anomaly in the world of high-end fashion, but rather an integral part of...