One of the best books I read a couple of years ago was called Deluxe: How Luxury Lost it's Luster. It's about how some top luxury brands have become "watered down" so to speak. It's a fascinating read. I do get it though. These designers want more profit, and want to reach the masses. The only thing that is sad to me is how much the Target Missoni merchandise is being listed for on Ebay. Hopefully not too many people will be paying those super inflated prices.
I'll have to read this! Sounds interesting.