Speaking to the Financial Time, Sidney Toledano tries to preach optimism. “Affordable luxury is in distress, but not the high-end segment”, because the so-called VICs (Very Important Clients) have no problem with the prices charged by the brands. They look for high quality and, when they find it, they spare no expense. Which is good…
Can we hold on to those VICs that “have no problem with prices?”
