An interesting perspective! Please do explain further...
I referenced a BoF article a bit up in this thread about LV and Chanel increasing prices to avoid having to shut down any retail boutiques like many other American designers are having to do cuz it would be a death knoll. Further:
1) wertheimers published earnings for the first time ever last year
2) many many rumors of a buyout circulating the last year
3) Karl is gone and not replaced by a new CD
4) brand is taking back all leased boutiques
5) milking profits like crazy - decreasing quality, outsourcing production, end of exotics, using fabrics, no more lesage artisans for bags (and not much for rtw), cutting staff benefits, reducing commissions
6) going VERY mainstream a la Michael kors. Except Michael kors quality is probably way better in every way
7) producing 10-15 million bags a year. All by machine. All rtw also but machine now as well.
8) catering more towards those desperate to wear a logo than those who want real luxury (different SE bracket)
I am sure there’s more. But just my 2 cents.