Influencers are positioning DeMellier’s affordable luxury handbags as timeless and fashionable everyday accessories for work and life via “what’s in my bag” content. This is having a positive ripple effect. The designer’s 2024 turnover totalled £26.1 million, up 79% from 2023. Meanwhile, gross profit grew 75.4% year-on-year (YOY) to £16.1 million. This is according to…
The new luxury fashion market equation: Resilience, relevance and renewal equals growth