The 2008 recession led to a resurgence of minimalism. A similar kind of shift is on the rise now, but the industry’s relationship with trends and consumerism has changed.

Inside the market for obscenely priced luxury goods.

Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?

"Rich consumers want to show that they have good taste and that they are individuals."