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Today, the Telegraph reports that LVMH heir Antoine Arnault is predicting an end to the era of bling, despite the fact that his father, Bernard, is one of the richest men in the world. He explains: "People are going to want more quality, and less ostentation. Especially in a world in economic crisis: you don't want to be seen with evidently expensive products. Just something that is beautiful."
To reach that end, Antoine launched the first-ever menswear collection from Berluti, who before that, was known for making $1,000+ leather shoes. The Telegraph explains that the collection is one of those understated luxury kind of things, in that it might not look like it costs an arm and a leg, but it definitely does.
Or, here's Antoine's description of its quality: "The collection is more Aston Martin than Ferrari. I love Aston Martin. And you know we had the file on our desk [to possibly purchase the company]. A few years ago we talked about it, it's luxury too. But it was too much."
· Fashion boss Antoine Arnault signals the end of 'bling' [Telegraph UK]
· LVMH Teams Up With CSM for Scholarships, Intern Programs [Racked]