[CHRONICLE] The paradox of cultural currency in the luxury strategy

Here’s the plot twist: perhaps luxury brands need to stop chasing cultural relevance. Maybe the new luxury OS isn’t about pursuing culture but about creating something culture aspires to possess.

 

Think about it:

  • When did Louis Vuitton collaborations become predictable? When they
    became expected
  • When did Gucci lose its edge? By overexposing their aesthetic across too
    many touchpoints
  • Why do heritage luxury houses feel increasingly desperate? Because they're
    trading legacy for likes

Let’s be honest: many luxury brands are struggling with their sense of self. They lost it somewhere between their hundredth streetwear collaboration and their desperate attempt to capture Gen Z attention. Like a distinguished aristocrat using slang at a debutante ball, it’s becoming painful to watch.

 

The Obsession with Cultural Relevance

 

Did someone says “Culture”? After “experience” and “content”, “culture” has swiftly become the new golden calf of the luxury industry. Yet nobody truly knows what culture means in the context of luxury, and it seems that many brands confuse cultural relevance with cultural dilution.

 

The irony is that “Culture” as a conversation about creative expressions that engage the elite has always been luxury’s domain — consider the patronage of the Medici family. What has fundamentally changed is the “cultural apparatus”: how luxury is perceived, consumed, displayed, and how it generates desire and exercises exclusivity.

 

Consider social media’s democratization effect. In a world where luxury signifiers can be rented, borrowed, or simulated, where working at the pace of culture has become a mantra… are luxury brand strategy tools shaped in the salon culture of previous eras still relevant?

 

Your Luxury Management Tools Are Showing Their Pedigree

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Read also > [CHRONICLE] Are luxury brands killing subcultures?

 

Featured Photo : Getty Images/Unsplash+

Picture of Gauthier Boche
Gauthier Boche
Gauthier Boche, VP and Global Head of Strategy at Marks, boasts 20+ years of expertise in FMCG, premium branding, and cultural activations for top brands like L’Oréal, Nespresso, and Moët & Chandon. A CELSA graduate, he blends strategic innovation with a passion for art, architecture, and urban culture.
Luxus Magazine Automne/Hiver 2024

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