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Admittedly, according to most analysts, being online had nothing to do with the portal’s failure. According to most of them, it did not work because some elite brands like Louis Vuitton did not sell their products on it. It is also true that some other luxury ecommerce sites have done well, proving that for some customers, the value of a luxury item does not diminish just because it is sold online. But this is a complex debate. Because there is no denying that there are many luxury shoppers who still like to shop the old-fashioned way — in the store. Likewise, there are luxury brands who are not comfortable selling online, or do so only partially. Take LV for example. While they have a website and you can browse products, you cannot purchase them with a few clicks of the keyboard. You have to call for further inquiries. The other thing that happened this week, prompting this column, was the discovery of an interview of Ramesh Nair, the Indian born creative director of Moynat, the French luxury luggage manufacturer. In the interview, which was conducted in 2015, Nair says, “I don’t think I will ever get into mass production.
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