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Milton Pedraza
CEO of the Luxury Institute
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May 16, 2024
• 47min
Evolving Luxury: Shifting Power, Creativity, and the Future of Brands with Milton Pedraza CEO of the Luxury Institute
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The luxury industry has shifted power from brands to customers, emphasizing the importance of high net worth clients. E-commerce has changed luxury, but physical stores and brand ambassadors are becoming popular again. Humility, creativity, and emotional intelligence are crucial for engaging clients and creating personalized experiences. New technologies will shape the future of luxury brands, focusing on building trust and maintaining data privacy.
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