To fully appreciate the challenges facing luxury fashion in the digital age, it helps to know a little history. Centuries of fashion were on display in a recent exhibition at the Musée des Arts Décoratifs at the Louvre, where Pamela Golbin is chief curator for fashion and textiles. “What you wore was the authentic reflection of your social stature,” says Pamela Golbin, chief curator for fashion and textiles of the Musée des Arts Décoratifs at the Louvre. “You’ve always had to have different price points for a different audience,” Ms. Golbin says. “That has never changed.”Over the past 15 years, the luxury industry has ridden a wave of demand from consumers around the world, particularly in China, to record sales and profitability.

Source: Wall Street Journal January 16, 2017 03:00 UTC