Fashion: Luxury Brands Get Back to Their Basics

Before Yves Saint Laurent revolutionized the world with his first prêt-à-porter collection in 1966, fashion was a luxury that fell under the purview of the select few who could afford to spend thousands of dollars on a bespoke evening gown or suit. Everything else was just clothing. Today it's the opposite: what once would have been considered just clothing now aspires to the label of fashion—explaining the success of brands like J.Crew, the Gap, Topshop and H&M, which deliver the look of...
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