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Luxury has changed. It has developed and adapted itself according to the new markets. In the early 1980s, Japan changed the playing field. The Japanese had begun to travel and wanted to buy accessories, more so than ready-to-wear, for reasons to do with morphology, taste, adapted materials. There was an explosion of leather goods and then watches. What’s more, the profile of the luxury players changed. Suddenly we began recruiting people who had studied, who were engineers. The overwhelming growth meant that such companies have had to be organised differently. The top managers will often be product people who have a real inherent passion for this world, for the image, the retail.

Read more at The Drum