Dana Thomas, style and cultural reporter for Newsweek, brings a hard-hitting behind-the-scenes look at the world of "New Luxury" and how the massification of luxury goods has ensured that luxury isn't luxurious any longer There was a time when luxury was available to only the rarefied and aristocratic world of old money and royalty. Luxury wasn't simply a product, it was a lifestyle, one that denoted a history of tradition, superior quality, and a pampered buying experience. Today's luxury marketplace would be virtually unrecognizable to the old-world elite. Gone are the family-owned businesses dedicated to integrity and quality; the industry is now run by massive corporations focused only on growth, visibility, brand awareness, advertising, and, above all, profits.
