Author:
Dana Thomas
Publisher:
Penguin Books
When
deciding on a book to read I always pick a topic that I know very little about.
I try to live by the Voltaire quote in reference to trying new things, "If
we don't find anything pleasant at least we shall find something new." So
in keeping with this point of view I decided to read a book about the fashion
industry; Deluxe: How Luxury Lost Its Luster. I first heard of Dana Thomas (the
book’s author) when she was on a television show discussing the topic of Hermès
bags. Since she was also promoting her new book and her expertise on the
subject seemed really insightful I decided to read her book. With modern
society being bombarded with ad’s everywhere you go it’s almost impossible to
not recognize the luxury brands this book makes reference to such as Gucci and
Louis Vuitton. So not being able to follow along with the topic of the book was
never an issue for me.
Her
book does an excellent job at summarizing the history of where and how a lot of
these fashion houses began. She then goes on to discuss how these houses have
evolved into multi-billion dollar luxury brands that are known globally. For
Thomas however, this success has come with an unfavourable price tag; mainly
that quality has been watered down in favour of record profits. This all began
when luxury brands started selling their business to large investment groups
that saw an opportunity to make a profit. Their investment started to yield
profit when they started offering purses, sun glasses, scarfs, wallets and
ready to wear fashion to what she calls middle market consumers in an attempt
to allow them to live a temporary luxury dream. The creation of allowing this
middle market consumer to purchase luxury brand accessories has more than
doubled the profit of these fashion houses. To further increase profit and
capitalize on this sales boom luxury brands started cutting corners by using
cheaper materials, outsourcing their production into China, and licensing their
brand name to outside factories.
One
of the issues she mentions in the book that was insightful for me was her
investigation into the black market of fake luxury brands. Unlike other books
that just tell you fake’s or knockoffs are bad to buy, she actually explains
why it’s wrong and how its harming people. For example she tells the story of a
sweatshop owner in China that would actually wound the legs of child workers so
that they would be unable to escape, and would be forced to work. Hearing stuff
like this has actually enlightened me to be a voice against knockoffs and the
black market. I’m sure once people see where and how these products are made
they would think twice before buying.
When
I finished the book it made me feel as if anyone that bought luxury products
today would be buying into an image and not actual luxury. This theory is proven
when I see people buying wallets that cost over $800 and purses that cost more
than a car. Of course I would be lying if I said I was turned off of luxury
brands after reading this book. There is still one luxury brand that I believe
has not changed their belief that the quality of their products should be more
important than profits, which is Hermès. With most purses being made with the
best materials in the world by the best craftsman’s and then having to wait
years for one to be made for you I believe they will always be a company to be
admired (though I doubt I’ll ever be able to afford anything they make). And so
I would recommend this book to anyone that has always loved the fashion
industry and would like to get to know more about it.
Amazon:
http://www.amazon.com/Deluxe-How-Luxury-Lost-Luster/dp/0143113704/ref=la_B001JP2W74_1_1?ie=UTF8&qid=1361219527&sr=1-1