Editor’s Letter
Sky’s the limit? Not any more… The concept of luxury has been much devalued in the last few years. Ever since the last pre-Covid economic downturn, the emphasis of high-net-worth spend has been leaning towards experience and comfort rather than conspicuous consumption – spa breaks, then, rather than fancy new pants – so when we went into the first lockdown last year, the custodians of every luxury goods company from Abu Dhabi to Zhengzhou went into collective meltdown. Was this the end of the world as we knew it? Were all their urbane, urban consumers suddenly going to move to the country, throw away their designer togs and start parading around in overalls, Crocs and gardening twine? Would George Clooney soon be playing Worzel Gummidge? Would the next environmental disaster be…