Luxury fashion: What do Gen Z and Gwyneth Paltrow have in common?

The luxury goods industry is worth $5.3 billion, but it turns out despite the cost of living crisis, young people are driving demand with a third of luxury items purchased by Australians under the age of 30.

We speak with IBISWorld report author Kayla Wheeler, and fashion lecturer Alison Izzo about the new obsession with quiet luxury among young people.

 

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