GoKawiilLuxury sector urged to revisit pre-1990s scarcity model as growth stalls
A commentary argues that major luxury conglomerates, having enjoyed three decades of rapid expansion including LVMH's brief rise to Europe's most valuable company in April 2023, are now trapped by the mass-production playbook that fueled that growth. The piece calls for a return to true rarity, shorter supply chains, and made-to-order production as practiced before the 1990s.