"As luxury goods become more accessible, the educated elite are changing how they mark their social position – not with luxury goods, but with less obvious status symbols ..."
"The Rich Kids of South Africa are the latest spoiled youngsters to flaunt their wealth online. The feed features their snaps of super-cars, five star hotels, shopping sprees and stacks of cash ..."
"Given economic and demographic change, global demand is shifting toward emerging markets. Reaching and serving “another billion” consumers may require …"
Leona Ungerer's insight:
"This strategy of “volume from the bottom, value from the top” will certainly become more common."
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