clock menu more-arrow no yes

Filed under:

Meanwhile, in Paris

New, 2 comments

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

France is reeling from the luxury goods market slump. But there is "paradoxically, an underlying satisfaction here that an era of sometimes vulgar high living is over and that a more bedrock French way of life will emerge." 'This whole crisis is like a big spring housecleaning — both moral and physical,' Karl Lagerfeld, the designer for Chanel, said in an interview. 'There is no creative evolution if you don’t have dramatic moments like this. Bling is over. Red carpet covered with rhinestones is out. I call it ‘the new modesty.’" [NYT]