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Accessible luxury is hard to define. It might include mid-market retailers such as J.Crew. Or a specific segment of premium, such as Sandro. Or a slice of luxury, such as Michael Kors. Most experts agree on one point, at least — it’s a very substantial opportunity in China.
“Accessible luxury has tremendous potential and it will probably grow more than luxury in the future, although it hasn’t been the case for the last several years,” says Daniel Lalonde, CEO of SMCP. The company, which owns Sandro, Maje, Claudie Pierlot