Fashion has never been more relevant in mainstream popular culture than now. From viral red-carpet fashion moments during the Challengers press tour to Super Bowl athletes striding into Allegiant Stadium decked out in runway outfits, fashion has become a key component of the public’s fascination in our biggest cultural moments across all spheres. At a time when culture sells clothes more effectively than fashion can, every luxury house now wants to position itself as a cultural brand.
Fashion houses have always courted culture at large, but there has historically been a layer of separation between them. They would tap creative talents from other cultural spheres for campaigns and collaborations or they would be patrons of culture through partnerships and foundations. Perhaps one of the best working versions of this legacy cultural model is Prada. The brand not only has its Fondazione in Milan, which allows it to be a patron for contemporary artists such as Tom Sachs, Anish Kapoor, and Elmgreen & Dragset, but also fosters long-standing relationships with specific cultural figures, such as architect Rem Koolhaas and musician Plastikman, for ongoing collaborations. Despite these close interactions with figures in different cultural spheres, Prada never assumed the role of cultural producer beyond the realms of fashion in this legacy model.
“Now, brands don’t want to just tap into culture anymore, they want to become the culture.”
But now, brands don’t want to just tap into culture anymore, they want to become the culture. It’s not just about collaborations, like the Moncler Genius program, but rather about vertically integrating cultural production into the entire operational chain of luxury fashion. Pharrell’s appointment as creative director at Louis Vuitton is the most transparent move underscoring fashion’s prioritization of cultural relevance as a top strategic priority. But brands that have appointed industry insiders as creative directors are equally focused on ramping up their cultural programming to unprecedented levels. In 2023, Saint Laurent launched an entertainment arm, first producing Pedro Almodóvar’s Strange Way of Life before producing three more films for the 2024 season of the Cannes Film Festival: Emilia Perez and Parthenope by Paolo Sorrentino, plus The Shrouds by David Cronenberg. The brand also opened a bookstore called Babylone “dedicated to art, music, and culture,” following in the footsteps of Marc Jacobs, who opened Bookmarc in 2012. Under Alessandro Michele, Gucci took over the Piazza della Signoria in Florence for Gucci Garden, a cultural complex consisting of an osteria with a menu crafted by award-winning chef Massimo Bottura, as well as a boutique, a bookstore, and an exhibition space.
Cultural marketing is at an all time high, with luxury groups being especially overt about choreographing their intentions. Earlier this year, LVMH launched an entertainment arm, 22 Montaigne, off the heels of Kering’s owner Francois Pinault acquiring a majority stake in Creative Artists Agency (CAA), one of the world’s largest talent agencies representing actors, directors, musicians, and athletes. And while luxury fashion has been the most successful at building inroads into other cultural verticals, we’re seeing the reverse happen too. Ferrari has operated a fashion label since 2021, and just this year the Brooklyn Nets launched a private label fashion brand called bǝrō.
“The more a brand can abstract its actual product into an idea, the easier it becomes to sell.”
This begs the question of why there is increasingly no distinction between these cultural categories? Collapsing the boundaries between different cultural categories gives luxury conglomerates opportunities for new revenue streams to directly monetize their brands’ intellectual property (at higher margins), while also reinforcing the enterprise value of their brands’ cultural equity across everything they do. This is both a lucrative business move and a predictable outcome under the paradigm of hyper-optimization, where the idea of fashion becomes more important than the actual substance of fashion. Put another way: for luxury brands, fashion is ideally consumed when it lacks any kind of substance or criticality, packaged as a processed good primarily for aesthetics. The more a brand can abstract its actual product into an idea, the easier it becomes to sell.
But when fashion houses vie to become cultural protagonists at this scale, it signals a complete inversion of what luxury represents. Today, the output of luxury fashion houses is closer to a mass consumer good than it is to a true luxury good, as luxury brands constantly churn out new products, collaborations, content, and activations to become as relevant to as wide a demographic range as possible. It’s not just affluent consumers who are buying luxury goods. In America, 27 percent of luxury consumers have an income of less than 50,000 dollars which is just as sizable as the percent of luxury consumers that have an income greater than 150,000 dollars. Gen Z luxury consumers are starting to buy luxury goods at 15 years old, upwards of five years earlier than the average age of a Millenials’ first luxury purchase (who in turn started buying luxury goods earlier than their parents did as well). This is in part because luxury fashion is now seen more as a cultural product than a pure luxury good. It is more accessible and universal as a signifier for identity than ever before, versus a symbol only to convey class and style. Historically, the penetration rate of luxury skewed towards older consumers as they had the disposable income to afford such goods. Today, the consumption of luxury fashion has inverted along demographic lines.