It may not be widely recognized as such just yet, but digital technology is probably one of the best things to happen to luxury brands in a long time.

Is globalization over? Some commentators consider the United Kingdom's vote to leave the European Union to be a sign that it is. Brexit has certainly thrown markets, exchange rates, and consumer confidence into turmoil, but the model of globalization that has developed over the past 200 years started showing signs of change well before the referendum.