The Value of a Louis Vuitton Lipstick
This week, Priya Rao looks at private equity’s backlog, luxury’s dated beauty strategy and the ways brands hope to win over Gen Alpha.
Last month, retail sales experienced a slight decline of 0.6%, following a modest 0.2% increase in June. However, clothing store receipts rebounded impressively by 1.9%, potentially fueled by back-to-school shopping. The Los Angeles-based designer, Priya Rao, joins Imran Amed on The BoF Podcast to discuss her journey, from hunting for treasures in Myrtle Beach flea markets to managing a 60-person studio, and to argue why a chair from H&M can be of equivalent quality to one from a luxury house.
Despite the World Cup's initial positive impact on sportswear sales, the boost seems to be waning, as indicated by the latest data from Bank of America.
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