In a hyper-connected world, it feels like everything previously ‘insider’ is more available than ever: from behind-the-scenes access to the lives of public figures to travel experiences immersing people into worlds previously deemed unattainable. But while people embrace this community-based inclusivity and u...

French fashion house Chanel is looking to reinforce its position at the top of the luxury market with plans to impose purchase limits on specific goods. As high-end shoppers look for more value from their purchases, some brands are emphasising exclusivity, quality, and a timeless appeal.

As the luxury market continues to thrive amid economic downturn, people are after exclusivity more than ever, especially as a way to justify splashing out. For growing numbers, exclusivity is now integrated with elevated values-led offerings, including premium sustainability. In addition, HNWIs are seeking experiential exclusivity and membership in elite communities.

Chanel has announced the launch of boutique stores dedicated to serving its VIP customers. While the e-commerce and resale markets are helping to democratise luxury, these brick-and-mortar spaces aim to attract HNWIs with the promise of exclusivity and personalised support.

Though they’re conscious of economic turmoil on the horizon, many Americans still want to indulge themselves with both big and small splurges. Having investigated this in the Luxury Sector Snapshot, Canvas8 spoke to eight people about their luxury spending intentions in 2023.