A Gucci handbag for $250 instead of $2,000? The booming secondhand luxury market is splitting the industry.
is creating a dilemma for makers of high-end handbags, fashion and jewelry: Join the trend, or ignore it.
by prestigious brands like Chanel SA are driving some luxury buyers to look for less expensive used items. Others are seizing on secondhand goods’ sustainability bona fides: A used pair of designer jeans doesn’t cost any more of the planet’s resources to make.
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