Op-Ed: Is It Time to Separate Fashion and Luxury?

“Fashion brands are like toothpaste brands now,” the fashion journalist Lauren Sherman told me in a recent conversation on our podcast. I understood what she meant even before she launched into a car market analogy, that many brands today offer similar products, with the logo being the primary differentiator. What the luxury consumer has to decide today is not what garment to buy, but what brand to buy into, because their wares are increasingly interchangeable.