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Luxe brands can no longer afford to ignore grey market

September 12, 2021 5:00 AM

(NYTIMES) – Imagine you are hunting online for a pair of square-toed slides from Bottega Veneta, one of the most-hyped luxury brands now. A new season pair can cost over US$550 (S$737) from the brand’s website, an old-guard department store like Neiman Marcus or an e-commerce player like Net-a-Porter.

Source : http://www.straitstimes.com/business/invest/luxe-brands-can-no-longer-afford-to-ignore-grey-market-0

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