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The luxury industry is in a deep funk, with brands battling a backlash to soaring prices and a perceived slip in quality. Marketing budgets face the axe, as do creative directors and CEOs whose jobs looked secure just months ago. It’s an unpleasant backdrop as the Golden Globes kick off awards season, the period from January to March that places a major spotlight on luxury fashion.
Ironically, the slump may also be the reason the red carpet is more entertaining than usual; Brands with…
