18/09/2025
Was the 2024 US presidential election a catalyst for the luxury industry to effect its historic changes amid the tumultuous US presidential campaigns that lasted over six months? During the 47th presidential campaign, America faced a period of significant uncertainty, as citizens prepared for inevitable changes that could either boost or disrupt the US economy, with potential global ramifications. The outcome of the election saw Donald Trump Jr. winning the presidency once again. His administration’s policies focused on creating a more insular economic environment, affecting international businesses with promises of stringent regulations and trade barriers. This move exerted control over major American-based corporations, including Apple, ABC, and notably Meta, causing ripple effects across various sectors. In response, industries such as luxury goods felt compelled to adopt immediate strategic shifts to align with the anticipated economic landscape, emphasizing nationalistic branding and reshaping their operational models. This political landscape directly influenced decisions within the luxury industry, as major luxury market leaders, including LVMH, Kering, and Chanel, led by the Wertheimer family, made significant changes to their creative leadership. The political climate, marked by renewed regulation and potential shifts in consumer sentiment due to nationalist policies, prompted these brands to adapt. Notably, during the presidential term, LVMH replaced not one, but three creative directors, responding to the broader economic and cultural shifts. Dior transitioned from Maria Grazia Chiuri to Jonathan Anderson, who is known for his innovative work at Loewe over the past five years. This change is expected to steer Dior toward a more avant-garde aesthetic, potentially appealing to younger audiences who value progressive styles.