Vetements CEO On Limiting Luxury



AS CEO of Vetements, which he set up with his brother Demna, Gurum Gvasalia is a man in demand. Since the label arrived on the fashion scene in 2014, rapidly becoming one of - if not the - most talked-about labels in the world, its unconventional attitude has been the subject of much debate and never more so than when it comes to the issue of luxury and exclusivity.
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"We are always trying to change the supply curve, making it just a little bit less than the demand curve, to make sure that you sell out," he told Sarah Mower of the brand's approach during a discussion at The Royal Institute this week, reports 1 Granary. "It is always better to sell one piece less to a store and to be sold out than to sell one piece extra and to go on sale. Because once you go on sale, there's no going back... Because if something goes on sale, it means it was overproduced."
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