Has luxury lost its appeal?

What does it mean when luxury loses its lustre — and could that decline open the way to something better?

This week on Visionary, Georgina Godwin meets journalist and best-selling author Dana Thomas, whose landmark book Deluxe revealed how family-run maisons were transformed into global empires, and how that shift reshaped not just fashion but culture itself. Today, with sales faltering, prices soaring, and a generation questioning the very idea of luxury, Thomas’s insights feel more urgent than ever.

From the passing of Giorgio Armani — the designer who helped define modern elegance — to the rise of counterfeits, corporate consolidation, and a crisis of credibility, the conversation explores whether we’re witnessing the end of one era in luxury and the uncertain beginning of another.

Recorded at Here East, this edition of Visionary asks: can luxury rediscover its soul, or has the meaning of status already moved on? For Dana Thomas, the answer may lie in redefining what we value — and what stories we choose to believe.

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