Luxury fashion: What do Gen Z and Gwyneth Paltrow have in common?
The Briefing25 Huhti 2023

Luxury fashion: What do Gen Z and Gwyneth Paltrow have in common?

The luxury goods industry is worth $5.3 billion, but it turns out despite the cost of living crisis, young people are driving demand with a third of luxury items purchased by Australians under the age of 30.

We speak with IBISWorld report author Kayla Wheeler, and fashion lecturer Alison Izzo about the new obsession with quiet luxury among young people.

Headlines:

- Biden announces re-election bid

- Tucker Carlson fired by Rupert Murdoch’s Fox News

- Medicine to be cheaper for six million Australians

- Victoria is raising the age of criminal responsibility

- Prince William got a secret pay out from Murdoch newspaper

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