Luxury Industry Focuses On High-Spending Clients
The luxury industry has reorganized itself to appeal to 'very clients' or VICs, who represent 2% of customers but spend 40% of all luxury goods money. This shift is seen as a means to an end for artists in the industry. Mayor Mando has stated he will not attend the Met Gala.
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Sources · 7 independent
KQED FM
“The industry has really reorganized itself around appealing to what we call very important clients or VICs. These are people who account for 2% of overall luxury customers, but spend 40% of all money spent on luxury goods. Mayor Mando has said he is not going.”
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