Between the Lines | Why Luxury Lost Its Luster | Deluxe by Dana Thomas

There was a time when a Hermès bag meant a single craftsman, a single piece of leather, and six months of waiting. Then the covenant broke. Dana Thomas spent years tracing what happened when luxury went corporate.

In 'Deluxe: How Luxury Lost Its Luster,' she documents the hostile takeovers, the manufacturing migrations, the logo inflation, and the strategic decisions that transformed an artisan industry into a $350 billion machine. This episode breaks down her investigation — and connects it to the luxury sector correction we're seeing today.

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