Dolce & Gabbana is selling the thing it sells. Permanence is becoming working capital, and the read is what the house is allowed to keep.
Rafael Carlesso is a luxury strategist and analyst, speaker and writer, based in Milan. He reads where desire is built or lost, from image to price. The financial results only prove it. Quoted twice by Reuters on LVMH. CPP-Luxury published his article "What LVMH buys, and what it lets go" in October 2026. He gives the keynote From Heritage to Algorithm, on what makes luxury clients choose a brand again.
