Author: bh@worldluxurycouncil.com

In this exclusive interview led by Alexander Chetchikov, President of the World Luxury Chamber of Commerce, celebrated designer and ethical fashion pioneer Sanyukta Shrestha shares her journey of redefining luxury with conscience. Known for fusing timeless design with sustainable practices, Sanyukta delves into the delicate balance between creativity and ethics, the importance of preserving Nepalese craftsmanship, and her vision for the future of conscious haute couture.

Alexander Chetchikov: Sanyukta, your collections beautifully fuse luxury with conscience—how do you balance creative freedom as a designer with the ethical imperatives of slow fashion?

Sanyukta Shrestha: Thank you for your kind words about the collections! Balancing creative freedom with the ethical imperatives of slow fashion is definitely a delicate dance, but one that I find incredibly fulfilling.

As a designer, I believe that creativity should not be suppressed, and it’s essential to maintain an innovative spirit. But when it comes to the ethics of slow fashion, the foundation is really about long-term vision and sustainability—both environmentally and socially. So, it’s about creating pieces that are timeless, rather than trendy, and focusing on quality and craftsmanship over quantity.

When I’m designing, I consider the entire lifecycle of a garment, from the root of sourcing materials to the working conditions of the artisans. I may limit my design options based on the availability of sustainable fabrics or prioritize transparency in the supply chain. But within those parameters, there’s a lot of space for artistic exploration.

The beauty of slow fashion is that it allows creativity to thrive within a framework that’s aligned with values. So, instead of feeling restricted, I see it as an opportunity to innovate in ways that really resonate with people, not just aesthetically but ethically as well.

Alexander Chetchikov: As the founder of a UK-based brand deeply rooted in Nepalese craftsmanship, how do you maintain a strong connection with your heritage while designing for a global clientele?

SS: I believe it has been a journey with a delicate balance of authenticity and innovation. To maintain a strong connection with my heritage while designing for a global clientele I prioritize working directly with skilled artisans in Nepal, ensuring that century-old traditional techniques like hand-weaving, hand spinning, and hand embroidery remain at the heart of every product. By fostering long-term relationships with these artisans, I preserve their craftsmanship and provide fair wages, supporting the local economy and culture.

When designing for a global market, I focus on blending traditional Nepalese aesthetics with contemporary, versatile styles that resonate internationally.

I also educate my customers about the heritage behind the products through storytelling, highlighting the significance of the craftsmanship and the artisans’ stories, fostering a sense of cultural appreciation.

Ultimately, my approach is to stay true to the heart of Nepalese craftsmanship while adapting it to the tastes and needs of a diverse, global audience—ensuring both authenticity and relevance.

Alexander Chetchikov: From Victoria’s Secret models to classical sopranos, your evening wear has adorned a diverse range of celebrities—what draws them to your sustainable aesthetic, and how do these collaborations shape your creative direction?

SS: For me, the focus is always on creating pieces that are both timeless and impactful, not just in terms of beauty, but also in their environmental and ethical considerations.

Celebrities are often looking for something that stands out, that makes a statement—not just on the red carpet but on a deeper, more personal level. They’re drawn to my designs I believe because sustainability isn’t just a trend; it’s a philosophy that aligns with the values they increasingly want to reflect in their public lives.

These collaborations have a profound impact on my creative direction because they provide the opportunity to experiment, push boundaries, and learn from some of the world’s most influential figures. Working with such a wide range of people has allowed me to expand my approach, incorporating more diverse influences and seeing how different aesthetics—like classical opera’s elegance versus the sensuality of Victoria’s Secret—can be interpreted through the lens of sustainability. It challenges me to be more innovative and often leads me to rethink traditional techniques or materials, finding ways to elevate them while keeping sustainability at the forefront.

It’s really about balance: how to craft something that feels opulent and luxurious, yet is responsibly made. That’s the driving force behind each collection and collaboration.

Alexander Chetchikov: Winning the PETA Luxury Vegan Wedding Award is a significant milestone—what does this recognition mean for you as a slow fashion advocate, and how do you see the future of vegan materials in haute couture?

SS: Winning the PETA Luxury Vegan Wedding Award is truly humbling, and it serves as a testament to the growing movement toward ethical and sustainable fashion. As a slow fashion advocate, this recognition reinforces the importance of conscious choices within the fashion industry. It signifies a shift in how consumers and designers are increasingly prioritizing ethics alongside aesthetics, making it clear that luxury can exist without compromising the environment or animal welfare.

For me, this award underscores the transformative potential of vegan materials in haute couture. High fashion is often seen as resistant to change, but this recognition proves that there is a demand for innovative alternatives that do not rely on animal-derived products. The future of vegan materials in haute couture is bright—advances in plant-based leather, organic certified textiles, and innovative sustainable fabrics are already reshaping the landscape whether it’s fruit waste, vegetable waste, or recycling plastic waste.

This shift is not just about replacing one material with another; it’s about redefining luxury itself. As consumers become more conscious of the environmental and ethical impacts of their choices, we’re seeing a future where high fashion embraces sustainability, innovation, and compassion as its core values, and that’s something truly exciting to be a part of.

Alexander Chetchikov: Your role as a speaker and thought leader in ethical bridal fashion has grown over the years—what key message do you hope to deliver to the next generation of designers and consumers in the luxury space?

SS: As a speaker and thought leader in ethical bridal fashion, my key message to the next generation of designers and consumers is simple: conscious luxury is the future. In the luxury bridal space, we have the opportunity to redefine what luxury means—shifting from exclusivity at the expense of ethics, to exclusivity built on sustainability, craftsmanship, and transparency. Designers must embrace innovative, eco-friendly materials and ethical production practices, knowing that true luxury is rooted in the integrity of the process, not just the product.

For consumers, I encourage a shift towards mindful consumption. A luxury item should not only reflect personal style but also resonate with the values of care for people and the planet. By demanding transparency and supporting brands that prioritize ethical practices, we can elevate the entire industry.

The next generation has the power to lead this transformation, crafting a more sustainable, equitable, and beautiful future for bridal fashion. It’s not about compromising luxury but enhancing it with deeper meaning and lasting impact.

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Thank you to Sanyukta Shrestha for sharing such thoughtful insights and inspiration. Her work reminds us that true luxury is not only about exquisite craftsmanship but also about making a positive impact on the world. We look forward to seeing how her vision continues to shape the future of ethical fashion.

Follow her journey on LinkedIn and view her collection here: https://sanyuktashrestha.com/

Want to read more exclusives? Check out our news and insights: https://worldluxurycouncil.com/insights-news/ & sign up for our newsletter here: https://worldluxurycouncil.com/wlcc-community/

Photo Credentials: Sylvie Castioni

As global pressures on freshwater resources intensify, the luxury sector faces a powerful reckoning with its environmental impact — and a unique opportunity to lead. In this exclusive interview, Alexander Chetchikov, WLCC President, sits down with Malek Semar, newly appointed member of the WLCC Board, to discuss the intersection of luxury, sustainability, and global water access. Malek is the Founder of No Water No Us, an internationally recognized water advocate and speaker whose influence spans policy, innovation, and public engagement. His life’s mission? To ensure that every drop counts.
From the future of wastewater reuse to redefining water as the new luxury, Malek shares his bold, urgent vision — one that blends environmental activism, cultural diplomacy, and pragmatic business sense.

Alexander Chetchikov: The Global Water Crisis: Where Do We Stand?

You’ve dedicated your life to advocating for water conservation. What do you see as the most
urgent water-related challenges the world is facing today?

Malek Semar: When nature is suffering, people die—and nature, too, thirsts for clean water. Before talking about water as a social, environmental, and economic issue, do we know the water itself? If water could speak, a single drop could answer. There is only one Water, and it is everywhere. It hears and sees everything and knows everything. Each drop contains all the truth.

Each drop is 4.5 billion years old, meaning that the quantity is the same since the very beginning. Each drop has crossed every ocean, watered every mountain and forest. The same drop we drink was drunk by another human, animal, or plant several times. The drop that is causing controversy today has occurred many times across the globe and has been a catalyst for the birth of all civilizations. Life exists due to the tireless work of this same drop in the water cycle despite waste, pollution, speculation, lack of respect, and recognition. Water is life; it is not only a quote.

So, where do we stand?

Imagine adding a single drop of poison to a one-liter bottle of water. Just one drop—and the entire bottle is contaminated. Now, imagine that same bottle filled with 80% poison. That bottle is our planet. Right now, 80% of the world’s wastewater is dumped back into nature without any treatment. Eighty percent!

It’s too late to fix everything or save everyone, but doing nothing would be a grave mistake. We must do all we can to limit the devastating consequences ahead. This is where we stand.

AC: The Future of Clean Water: Innovation & Solutions

Technology is rapidly evolving in water purification, desalination, and conservation. What groundbreaking innovations excite you the most in the quest for sustainable water solutions?

MS: We need more affordable and sustainable solutions for the water sector, both in sanitation and drinking water treatment.

A technical solution is not enough to solve water issues. We need to understand the beliefs of each population and their link to water. The culture is the link between humans and nature, between technique and nature. One key difference between developed and developing countries lies in wastewater management. Countries that have advanced are those that treat and manage their wastewater effectively. As for the others, the gap is clear. The Glaas report from the United Nations explains that one dollar invested in water means four to seven dollars generated as a return to the economy.

Wastewater is our lifeline. No one dies because they have no water to drink. However, 4 million people die every year, and millions are sick every day, because the water they consume is unhealthy. Just one drop can be the difference between a better world and a worse one. The solution is in water reuse.

Let’s talk about a concrete solution — more data, less concrete. Decentralized and positioned closer to the sources of pollution: people and their activities. Coordination must be global, but solutions need to be tailored locally. The key is to tackle pollution as close to its source as possible — human beings and what they do. The container offers a practical answer: whether 20 feet or 40 feet, it speaks a universal language.

For example, FIA (France Industries Assainissement) developed a compact container-based wastewater treatment plant that is mobile, intelligent, and cost-effective. It integrated the notion of a circular and virtuous economy with the reuse of water and sludge output (irrigation, fertilizer, compost and more). The station is a complete treatment facility housed in a container, designed for easy transport, quick installation, high mobility, and simplified maintenance. Its flexible and modular design also allows it to be adapted for water purification, desalination, and conservation purposes.

In 2017, Irina Bokova (UNESCO, Director General 2009/2017) said: “At a time when demand is growing and limited resources are increasingly stressed by over-abstraction, pollution and climate change, we simply must not neglect the opportunities from improved wastewater management. We cannot afford to waste wastewater”. – And I believe the solution is proper water management, for everything.

AC: The Role of Governments & Corporations

From policymakers to global corporations, who should bear the greatest responsibility for ensuring access to clean water? Are governments doing enough, or does the private sector need to step up?

MS: Clean water is essential for public health, whether it is used for drinking, domestic use, food production, or recreational purposes. Improved water supply and sanitation, together with better water resources management, stimulate economic growth in countries and contribute greatly to poverty reduction.

In 2010, with UN Resolution 64/292, water became a common good and a human right, underscoring the significant responsibility it is for all of us.

In 2015, the Sustainable Development Goals (SDGs) arrived; the same year, African water ministers met in Ngor and signed the declaration of the same name to meet the 2030 Agenda. This is the action part, and this means that the state must involve companies, startups, and large groups to accelerate.

But over the past fifteen years, the situation has only worsened. In 2025, 30% of the world’s population will lack access to safe drinking water, and 60% will lack adequate sanitation. In 2050, the global population will reach 10 billion, with most people born in regions already facing severe water shortages. The emergency is no longer a future threat; it’s already here.

It’s not easy to predict anything for the next 3 years. But things are moving quickly. Today, we can achieve more in three years than we could in twenty back in 2010. Anyway, we are talking about the survival of humanity. Responsibility lies with everyone. Rights do not cancel out duties — this applies to governments, organizations, and every individual citizen.

In the world as it should be, water is free for everyone, and we find new business models to make money around it. Artificial Intelligence will play a key role. In this future, we’ve finally connected business with climate responsibility.

AC: No Water No Us: Driving Real Change

Through your organization, No Water No Us, you’ve been actively working to address water crises worldwide. Can you share some of the key initiatives and projects you’ve launched to promote water sustainability and ensure access to clean water?

MS: For Water, too much is never enough.

No Water No Us has worked for years to raise awareness and offer sustainable solutions for water issues. To date, we have operated in over 30 countries. Our efforts are amplified through partnerships and a wide network of dedicated artists and athletes. By utilizing art and sport, supported by my associates Blaise Matuidi and Yohan Benalouane, we create a positive social impact by establishing our initiatives and supporting existing water-focused projects.

Following the Sustainable Development Goals, we focus on wastewater, drinking water, and biodiversity. Unsafe water affects biodiversity, public health, and national economies, impacting society, the environment, and the economy alike.

We created a show for water awareness, “L’Eau Mais”, had the label Season Africa 2020. Touring nine African countries, the show uses dance, music, and culture to explore the relationship between water and human activities, for example, highlighting water-related conflicts in Egypt and the connection between water and population growth in Nigeria. This show is set to become a free educational platform for schools.

From November 2022 to February 2024, four of our ambassadors cycled across 20 countries, delivering school talks, humanitarian projects, and awareness campaigns to learn about water issues across diverse regions and communities.

Through our Climb for Water initiative, we use mountain climbing expeditions to raise awareness of water issues at the world’s highest summits. Alongside the climbs, we organize conferences, interviews, and international solidarity installations focused on access to water. In 2024, in Bolivia, we will transport several tons of equipment to 4,000 meters above sea level to install water supply systems in UNA, a village at the foot of Illimani, the highest peak in Bolivia’s Cordillera Royale. Expeditions to India and Tibet are planned for 2026.

In partnership with UniLaSalle High School, engineering students traveled to Algeria to study sustainable solutions related to olive oil production and water use.

In collaboration with major brands, we organize Talks to explore innovative solutions. We bring together public and private figures, water decision-makers, artists and athletes, civil society, and government. After successful events in Paris with Cadillac and in Tunis with EY and CJD, the next Talks will take place in Geneva in March 2026, before Kinshasa and Brazzaville.

Luxury hotels, resorts, and spas often rely on water-intensive experiences, private pools, golf courses, and wellness treatments. What are the best strategies for high-end hospitality brands to reduce their water footprint while maintaining an exclusive guest experience?

MS: For example, it takes 250 liters of water to produce a single cup of coffee (water footprint). So, every process uses a significant amount of water.

A shower running without turning off the tap can consume up to 200 liters. I tell myself that the real problem lies elsewhere; I would rather use 1,000 liters of water, treat it completely, and return it clean to the water cycle, than use one liter and discharge it polluted.

I keep coming back to wastewater management and reuse as a salvation plank; this is true for all individuals and all human activities, including Luxury hotels, resorts, and spas.

AC: Luxury Industry as a Force for Water Sustainability

The World Luxury Chamber of Commerce unites leading luxury brands to drive collaboration, innovation, and business growth. Given your expertise, what impactful initiatives could WLCC launch to help the luxury industry lead the way in global water sustainability efforts?

MS: In the collective mindset, luxury and sustainability are often seen as opposing forces. However, for years now, a new form of luxury has been emerging—one rooted in responsible water use. By 2030, LVMH aims to reduce its global water footprint by 30% through its Life 360 program. In 2021, Longchamp launched the Pliage Green line, creating sustainable products made from 100% recycled yarn, partly sourced from ocean plastic waste, before extending this approach to its entire Pliage range, ready-to-wear, accessories, and eyewear. Louis Vuitton established a Sustainable Department in 2018, targeting a 55% reduction in CO2 emissions by 2030. Guerlain, often hailed as a leader in sustainable beauty, has championed eco-design principles across all its production lines since 2017.

Numerous other initiatives complement these efforts. For instance, between 2019 and 2022, Hennessy and Loro Piana reduced water consumption in their distillery and manufacturing facilities by 26% and 25%, respectively.

In my view, WLCC should, first and foremost, be a worthwhile sounding board and act as a reflector and as an intermediary, sharing best practices that combat climate change and safeguard our most precious resource: water.

We can initiate by arranging a Talk No Water No Us about luxury, in collaboration with the World Luxury Chamber of Commerce, giving a voice to luxury brands genuinely committed to protecting the planet.

AC: Water as the New Luxury?

With clean water becoming an increasingly scarce resource, do you believe water itself is becoming a new form of luxury? How can we ensure it remains accessible to all while maintaining its importance in high-end experiences?

MS: Time is changing, as well as mindsets. Luxury should be a model that has a systematic view of its environmental impacts, not one that follows. According to the Boston Consulting Group (BCG) study, 64% of future luxury consumers from the ‘Z generation’ want committed companies.

We don’t have a choice. Every civilization was founded around a water source, and vanished when that source dried up. Life itself is the ultimate luxury, a truth universally recognized. Water is life. While some may see it as just a proverb, the reality is clear: water truly is life. In conclusion, water is our greatest luxury. No Water, No Luxury.

Robert Francis Kennedy, the 64th United States Attorney General (1961–1964), once said: “We are witnessing something unprecedented: water no longer flows downstream; it flows towards money.”

I hope that in the future, water will be seen more as a source of peace rather than conflict or profit. And I hope for global water governance endowed with real authority. While solutions must be tailored locally, coordination needs to be worldwide, because water knows no borders.

I remain optimistic. “We can fight, water will bring us together.”

A Closing Word
In an age where climate imperatives are no longer distant warnings but daily realities, Malek Semar’s insights offer a vital reminder: water is not only the world’s most essential resource — it is its most sacred. Through No Water No Us and his role on the WLCC Board, Malek is challenging industries, governments, and individuals alike to treat water not as a commodity, but as a common good — and, yes, a luxury to be preserved for all.

As the luxury sector evolves its vision of excellence in a climate-conscious era, Malek’s vision is clear: true luxury respects the planet. And water — ancient, universal, and irreplaceable—must be at the heart of that transformation.

Want to read more exclusives? Check out our news and insights:  https://worldluxurycouncil.com/insights-news/  & sign up for our newsletter here:  https://worldluxurycouncil.com/wlcc-community/ 

Exclusivity and legacy have always defined the success of luxury brands, but these strengths are tested when markets become unpredictable. In a landscape shaped by economic shifts, political uncertainty, and evolving consumer expectations, the most enduring luxury brands are those that go beyond tradition. They cultivate resilience, not just through financial strength, but through adaptability, strategic clarity, and an unwavering commitment to identity. 

For members of the World Luxury Chamber of Commerce, mastering these principles is essential. In an increasingly competitive global marketplace, resilience is what separates temporary success from enduring leadership. But how do luxury brands build resilience? 

Commitment to Brand Heritage 

A deep commitment to brand heritage is one of the most critical pillars. Iconic houses like Hermès exemplify this by safeguarding their founding narratives and timeless aesthetics. Their refusal to discount products maintains pricing integrity and reinforces exclusivity, ensuring long-term trust with their clientele, even during market fluctuations. 

Actionable Insights: 

• Codify your brand’s founding story and integrate it into all internal and external communications to ensure a consistent narrative. 
• Audit current marketing efforts to align visual identity, tone, and messaging with core heritage values. 
• Avoid promotional pricing strategies that may dilute long-term brand equity; instead, focus on elevating perceived value. 

Navigating Sustainability with Strategy 

Sustainability has evolved from a trend into a necessity, but for luxury brands, integrating ethics without compromising craftsmanship is a nuanced task. Brands that succeed view sustainability as a long-term investment. Those aligning with environmental responsibility and social transparency stand out as modern, credible, and future-focused. 

Actionable Insights: 

• Conduct a full sustainability impact assessment, from sourcing to packaging, to identify gaps and opportunities for responsible improvement. 
• Develop clear sustainability KPIs and publicly share annual progress to build stakeholder trust and accountability. 
• Collaborate with artisans and suppliers who meet ethical standards to protect the integrity of your production chain while supporting sustainable innovation. 

Digital Evolution Without Compromise 

The digital landscape is transforming luxury consumption. Online boutiques, AI-driven personalization, and virtual showrooms offer convenience, but luxury is still defined by emotional and sensory depth. Resilient brands don’t compromise; they enhance human connection through digital tools. 

Actionable Insights: 

• Invest in digital platforms that replicate the intimacy of in-store experiences (e.g., private virtual styling sessions, high-end AR try-ons). 
• Use customer data to personalize the experience, but maintain elegance and subtlety in how personalization is delivered. 
• Train digital sales teams in luxury etiquette to ensure online engagement meets the same standard as physical interactions. 

Geographic and Operational Agility 

Resilient brands don’t rely on one market alone. Diversifying across regions gives luxury houses the agility to respond to local disruptions without losing momentum. Operational flexibility, especially in supply chains and distribution, becomes a vital shield against volatility. 

Actionable Insights: 

• Map regional dependencies and develop contingency plans to shift operations or supply chain routes in response to geopolitical or logistical issues. 
• Expand into culturally aligned emerging markets through targeted entry strategies, such as pop-ups or exclusive partnerships. 
• Create multi-hub distribution networks to reduce fulfillment delays and improve responsiveness to localized demand shifts. 

Proactive Leadership in Uncertainty 

In times of uncertainty, the most resilient brands lead rather than react. They anticipate disruption, act early, and pivot with purpose. This mindset transforms uncertainty into momentum for innovation and renewal. 

Actionable Insights: 

• Form a “resilience council” within your leadership team to regularly assess market trends, threats, and innovation opportunities. 
• Allocate a percentage of your annual budget to experimental or future-focused projects that may not show immediate ROI but build long-term strength. 
• Reframe challenges as creative prompts, from supply limitations to consumer shifts, and task teams with designing adaptive luxury experiences. 

Key Takeaways: Principles for Enduring Luxury Resilience 

• Preserve Heritage to Strengthen Identity: Upholding brand legacy and consistency builds emotional value and consumer trust. 
• Diversify Markets to Mitigate Risk: Expanding internationally allows brands to remain stable amid regional fluctuations. 
• Lead with Purpose Through Sustainability: Ethical sourcing and responsible values are vital for long-term credibility. 
• Elevate Luxury with Thoughtful Innovation: Technology should enhance, not replace, the personal nature of luxury. 
• Act with Agility in Times of Change: Proactive decision-making and strategic flexibility are essential for staying relevant. 

Economic fluctuations, political instability, or shifting consumer preferences are present challenges in the luxury sector. Yet, global luxury brands that embed resilience into their DNA are the ones that not only survive but also lead. 

For members of the World Luxury Chamber of Commerce, this is an opportunity to champion best practices and invest in long-term resilience. True luxury is about endurance, ethics, and evolution. 

To learn more about the World Luxury Chamber of Commerce, visit: https://worldluxurycouncil.com/

SOURCES: LUXURY TRIBUNE 

In an era where legacy no longer guarantees dominance, and where digital disruption challenges centuries-old luxury traditions, few voices resonate with as much authority and insight as Ilona Orbok. Recognized by Forbes as a leading global expert in luxury, Ilona wears many hats: she’s the CEO and founder of the ICL brand, the face behind Ilona Calls Luxury on YouTube, a seasoned partner at a major international consultancy, and a familiar face to viewers of RTL’s Shark Tank. With academic roots in the elite programs of SDA Bocconi and ESSEC, her influence spans boardrooms, media screens, and international stages.

In this exclusive conversation, WLCC President Alexander Chetchikov sits down with Ilona to explore what’s driving transformation in the luxury sector—from global expansion pitfalls to regulatory pressure, from rising Startup culture to the power of storytelling in the digital age.

Alexander Chetchikov: You’re one of the few experts navigating both luxury and tax strategy at a global level. What do luxury businesses often get wrong when it comes to international expansion?

IO: As luxury brands expand internationally, they encounter a wide array of challenges: Cultural, operational, strategic, and reputational. One of the core complexities lies in the fact that luxury is not a universally defined concept. Regional preferences can differ dramatically: in markets like Japan, consumers tend to favor understated elegance, while others respond more positively to bold, conspicuous branding.

Another significant hurdle is the lack of preparedness for weak intellectual property enforcement and widespread counterfeiting in certain emerging markets. Brands must also prioritize local adaptation, tailoring products and experiences to suit distinct cultural tastes and consumer behaviors.

Economic and political risks vary across borders, requiring constant vigilance. Regulatory differences (Including import duties, taxes, and market restrictions) can significantly impact operations. A well-calibrated pricing strategy is essential to maintain brand integrity while remaining competitive.

In today’s volatile geopolitical climate, brands must navigate increasing trade barriers, shifting tax regimes, and mounting regulatory scrutiny, all of which can complicate market entry and growth. Finally, sourcing and retaining highly skilled local talent remains a persistent challenge, yet it is crucial for sustaining brand excellence and delivering authentic customer experiences.

AC: The luxury sector has seen a boom in entrepreneurial entrants. What kind of founders or ideas catch your attention as an investor?

IO: There have never been so many startups in the luxury market as there are now. Traditionally, the industry has been dominated by heritage and legacy luxury brands, often with a rich history dating back more than a hundred years. For a newcomer, it was virtually impossible to break into this elite circle. But the status quo has transformed significantly, resulting in a boom with luxury brands entering the market as startups. The market has become more flexible, more open to innovation, and we are seeing the rise of an increasing number of successful new luxury brands.

As an investor, I absolutely experience this market shift as I receive numerous inquiries from entrepreneurs regarding the launch of a new luxury product, service or brand.

I usually seek a clear and authentic narrative, often rooted in the founder’s vision or in the brand’s cultural identity. Storytelling, too, plays a vital role. Furthermore, in my view, a strong social media presence is essential for any new idea. Without it, launching a new brand is almost impossible today.

AC: How is the current regulatory environment reshaping how luxury brands think about risk and structure?

IO:  The regulatory environment for luxury brands is both complex and constantly evolving, posing not only significant challenges but also strategic opportunities. Regulation acts as both a constraint and a catalyst for transformation across the industry.

Luxury houses operate within a multifaceted legal framework encompassing ESG standards, data privacy laws, and anti-counterfeiting measures. This compels them to invest heavily in compliance infrastructure, legal audits, and skilled regulatory teams. In certain jurisdictions, brands are required to form joint ventures or adopt franchise models to gain market access. Meanwhile, in regions where intellectual property protection is weak, the risks to both brand reputation and revenue can be substantial.

The European Union stands out for its strict regulatory environment, with frameworks such as the GDPR, anti-greenwashing directives, and mandatory ESG reporting. While conglomerates can centralize compliance functions and absorb the cost, independent and emerging luxury brands face disproportionately higher per-unit compliance expenses.

A new and pressing development is the implementation of the OECD’s BEPS 2.0 framework, particularly the Second Pillar, introducing a global minimum corporate tax. This initiative seeks to harmonize the tax obligations of large multinationals and will have significant implications for the tax strategies of globally operating luxury brands.

In this shifting landscape, luxury brands must design corporate structures that are resilient to regulatory shocks, transparent for compliance, and agile enough to leverage new regulatory openings. Those who succeed will not only protect their brand equity but also position themselves as leaders in a more responsible and sustainable luxury economy.

AC: What did your time on Shark Tank teach you about market-readiness in luxury-focused startups?

IO: As an investor on RTL TV’s Shark Tank business reality show, I have been seeing several promising ventures across various industries. There are fewer luxury startups on Shark Tank in the strict sense of the word, but if we define this in terms of high quality and strong brand positioning, there were a few that I was able to invest in, mostly in the food and beauty sectors.

One of the greatest values of Shark Tank is its educational nature. We push founders to think about market-readiness in real terms: valuation, customer demand, scalability, and emotional detachment from the product. That kind of exposure is invaluable for early-stage brands; it accelerates their learning curve.

Naturally, I always weighed the market potential and return on investment. Since these were financial rather than professional investments for me, having a clear exit strategy and a relatively quick return was crucial. So far, none of these investments have disappointed.

AC: You studied at SDA Bocconi and ESSEC – two of the most prestigious institutions in luxury education. What perspectives did they give you that you still apply today?

IO: One of the most important lessons I learned at SDA Bocconi Milan and ESSEC Paris is that quality, originality, and exclusivity are non-negotiable pillars of luxury. These programs helped me develop a holistic, global perspective. I also came to understand the importance of storytelling and that brand valuation in this industry follows entirely different rules compared to other sectors. Luxury brands can command the highest EBITDA multiples, up to 50 times EBITDA in some cases.

Today, I aim to share the knowledge and experience I gained through these programs, and through my work, in a more entertaining format on my YouTube channel, too.

AC: Can you share a specific tax or financial insight that every luxury brand scaling internationally should know right now?

IO: To cut a long story short, luxury brands scaling globally must be aware of the pricing of intra-group transactions, the so-called transfer pricing principles.  This area is under intense scrutiny; therefore, brands need to have a proactive, well-documented transfer pricing policy.

According to the OECD BEPS 2.0, intangible assets like “brand equity” must be substantiated with economic substance. The profit splits based on actual value creation across the group, especially in the case of digital and storytelling functions, are distributed. Luxury brands with high marketing spend in-market must balance where brand value is being created. As this industry generally operates with very high profit margins, profit distribution across jurisdictions can be challenging to comply with international and local regulations.

AC: Recently, you launched your own YouTube channel, Ilona Calls Luxury.
What inspired you to step into this format, and what are you hoping to communicate to your audience through this platform?

IO: In my opinion, social media presence is crucial for luxury brands, especially in today’s digital world. Social media is no longer optional. Some of the most successful new players are built entirely on it.

I have always preferred out-of-the-box thinking. My core focus is on the economics of the luxury industry, a niche area that surprisingly few experts specialize in. I combined this interest with the storytelling culture so central to luxury and launched my Ilona Calls Luxury YouTube channel two months ago.

Though still very new, the channel experiences high interest globally, as it has already reached around 3 million people. This early traction is incredibly encouraging. To me, it proves that there is a genuine gap in the market and a real demand for a quality type of luxury storytelling and how value has been created, one I am more than happy to meet.

My main goal with these YouTube videos is to educate the audience and introduce a different kind of storytelling. I believe that the luxury industry needs this kind of aspect, especially today of uncertainty and economic turbulence. Customers want to understand the core value and history of each brand, or the trends in the luxury industry. However, these videos are also entertaining for those who are just interested in luxury, business concepts, mysteries, and stories.

Closing Words:
Ilona Orbok represents a rare blend of financial acumen, strategic foresight, and deep cultural intuition—qualities that are reshaping the luxury industry in real time. As the boundaries of luxury continue to evolve, guided by innovation, regulation, and storytelling, leaders like Ilona are not just interpreting the future; they’re actively building it.

Stay tuned to Ilona Calls Luxury for more insights!

YouTube: https://www.youtube.com/@IlonaCallsLuxury

LinkedIn: https://www.linkedin.com/in/ilona-orbok-89a36829/

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By Abhay Gupta — Founder & CEO, Luxury Connect LLP | Top 100 Global Voices in Luxury

The Need for an Indian Luxury Identity

The global luxury industry has long been dominated by Western Maisons— brands that have mastered the art of storytelling, craftsmanship, and exclusivity. While India has always been a cradle of luxury, offering exquisite textiles, jewelry, architecture, and artisanal mastery, it has lacked a unified identity that resonates globally. This whitepaper explores how India can redefine luxury by embracing its deep-rooted heritage, sustainability, and craftsmanship, creating an Indian-rooted equivalent to the Western ‘Maison’.

Historical Context: India’s Legacy of Sustainable Luxury

Before industrialization and colonial economic shifts, India was the epicenter of global luxury trade. The country exported fine muslins, intricate brocades, handcrafted jewelry, and artistic home décor to royal courts across Europe, the Middle East, and Asia. The Indian luxury model was inherently sustainable based on decentralized production, generational craftsmanship, and eco-friendly materials.

• Textile Mastery: Muslin from Bengal, Banarasi silk, Pashmina from Kashmir
• Jewelry & Gemstones: Jaipur’s gemstone expertise, temple jewelry traditions
• Luxury Architecture & Interiors: Havelis, palaces, and hand-carved furniture
• Perfumes & Incense: Attars of Kannauj, sandalwood-based fragrances

Unlike the mechanized luxury production of the West, India’s luxury was rooted in slow craftsmanship, making it more personal and exclusive.

The Western Maison vs. The Indian Luxury Model

In the West, the term Maison denotes a luxury house with in-house craftsmanship and creative mastery. However, in India, luxury brands have largely been positioned as ‘brands’ rather than heritage-driven houses of excellence. This distinction has prevented Indian luxury from being perceived as par with its Western counterparts.

Why India Needs Its Nomenclature:

• Maison implies industrial precision; India’s model is artisanal mastery.
• Indian luxury is community-driven, unlike the designer-led Western model.
• An Indian-rooted term could differentiate homegrown brands in global markets.

Possible alternatives to Maison that reflect Indian heritage could include:

• Shilp Griha (House of Craftsmanship)
• Ratnaalaya (Abode of Precious Creations)
• Aarohana (Ascent to Excellence)
• Kalaadhishthana (Sanctuary of Art)

Sustainability & Craftsmanship as Luxury Pillars

With sustainability becoming a central theme in luxury, India is uniquely positioned to lead this transformation. Unlike fast luxury, Indian craftsmanship has always been rooted in natural dyes, organic textiles, handloom weaving, and waste-free production.

Key Differentiators of Indian Sustainable Luxury:

• Handcrafted over mass-produced: Every piece tells a story.
• Natural, biodegradable materials: Silk, cotton, jute, and gemstone embellishments.
• Fair trade and ethical labor: Empowering artisans, not factories.
• Cultural sustainability: Reviving dying crafts like Pichwai painting, Bidriware, and Chikankari.

Beyond Fashion: Expanding the Scope of Indian Luxury

While fashion remains a core pillar, true Indian luxury extends beyond textiles. Brands must embrace a holistic ecosystem to create an entire luxury lifestyle offering.

Jewelry & Watches

• Promoting India’s unparalleled expertise in goldsmithing, minakari, and gemstone setting.
• Shifting from ‘commodity jewelry’ to exclusive, handcrafted heritage pieces.

Luxury Home & Decor

• Positioning handwoven carpets, carved furniture, and Mughal-inspired architecture as premium home décor.
• Reviving the lost art of royal interior design.

Perfumes & Well-Being

• Re-establishing India as the world’s leading attar and Ayurvedic wellness hub.
• Blending traditional perfumery with modern luxury branding.

Experiential Luxury

• Promoting boutique palace stays, craft-based travel, and Ayurveda retreats.
• Creating exclusive, invite-only cultural experiences for high-net-worth individuals.

Creating the Indian ‘Maison’ Equivalent: A Strategic Roadmap

For Indian luxury to compete on a global scale, it must create an ecosystem that mirrors the prestige of European houses while staying true to its roots.

Key Strategies:

• Luxury Houses, Not Just Brands: Positioning high-end labels as Shilp Grihas—houses of artistic mastery.
• Limited, Bespoke, and Heirloom-Quality Products: Moving away from mass-market appeal.
• Artisan-Centric Branding: Elevating master artisans as ‘couturiers’ of their craft.
• Storytelling & Provenance: Creating rich brand narratives around heritage and authenticity.
• Global Indian Clientele Focus: Catering to NRIs, luxury tourists, and the rising Indian elite.

Case Studies: Indian Brands Leading the Way

• Good Earth – Blending heritage with modern Indian luxury lifestyle.
• Sabyasachi – Elevating Indian couture to global luxury status.
• Jaipur Watch Company – India’s first heritage-oriented luxury watch brand.
• Bangalore Watch Company – A homegrown luxury watch brand merging Indian narratives with Swiss precision.
• Amrapali Jewels – Reviving Indian heritage jewelry craftsmanship with a global presence.
• Taj Hotels – Synonymous with luxury hospitality, blending Indian tradition with world-class service.
• Forest Essentials – Positioning Ayurveda as a luxury skincare experience.

The Future of Indian Luxury: The Path Ahead

As India reclaims its space in global luxury, the key to success lies in:

• Defining a unique Indian luxury philosophy instead of imitating Western models.
• Building an ecosystem of high-end craftsmanship-led brands that cater to both Indian and international clientele.
• Educating the market on why ‘Made in India’ luxury is an unparalleled value proposition.

Conclusion: India’s Moment in Luxury

Indian luxury has all the ingredients to emerge as a powerful global force. By redefining its positioning, embracing its heritage, and crafting an identity that is both sustainable and exclusive, India can create a new paradigm of luxury that stands alongside the world’s greatest Maison’s—on its own terms.

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This whitepaper serves as a blueprint for India’s luxury sector to evolve beyond ‘brands’ into true houses of excellence.

Abhay Gupta is the Founder & CEO of Luxury Connect LLP and LCBS. Named among the World’s Top 100 Voices in Luxury, he writes at the intersection of culture, commerce, and conscience.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the official stance of the World Luxury Chamber of Commerce, its affiliates, or any brands/entities mentioned.

For this exclusive conversation, Alexander Chetchikov, President of the World Luxury Chamber of Commerce, interviews Ivana Laković, President of the Adriatic Luxury Business Association (ALBA) and a leading expert in luxury communication and strategy with over 20 years of experience across multiple sectors. 

As the head of ALBA, Ivana champions the Adriatic region as a rising force in the global luxury landscape, fostering collaboration among visionary leaders and premium brands. 

She is also an academic, teaching Luxury Strategy at ESSEC Executive Education, and a seasoned crisis communications expert known for her discretion and precision. Her work is driven by a deep appreciation for culture, creativity, and strategic excellence, making her a unique voice in today’s evolving luxury industry. 

This interview explores Ivana’s insights into global luxury transformation, the Adriatic region’s potential, and the trends shaping the future of high-end markets. 

Alexander Chetchikov: Ivana, from your vantage point in the Adriatic region, how have you seen the definition of luxury evolve over the past decade—and what can global markets learn from this shift? 

Ivana Laković: Over the past decade, luxury has transformed from an emblem of possession to an expression of perspective. In the Adriatic, we’ve watched this evolution unfold with striking elegance: heritage replaced hype, intimacy replaced extravagance, and authenticity became the ultimate status symbol. Today, luxury is not about what you own, but how you live, feel, and connect. Global markets can learn from this deeply human shift—a return to craftsmanship, storytelling, emotional belonging, and cultural rootedness. In a world obsessed with speed, the Adriatic whispers the rare luxury of time. 

AC: The Adriatic has a distinct cultural and natural heritage. How do local luxury brands harness this identity to compete globally, and what can international brands learn from this approach? 

IL: The Adriatic’s brands don’t merely use identity as an ornament; they live it as philosophy. From the scent of wild immortelle in our perfumes to the echo of Byzantine threads in contemporary couture, our luxury is never abstract. It’s tactile. It breathes. It remembers. International brands often underestimate the strategic value of rootedness; they chase trends, while we cherish lineage. The lesson? In an age of sameness, origin is your strongest asset. Be proud of your dialect—both linguistic and aesthetic. 

AC: What are some of the biggest untapped opportunities in the Adriatic luxury market, and how might global investors or brands play a meaningful role? 

IL: We are the next chapter of European luxury, but one that hasn’t been oversaturated. The real opportunity lies in what I call untamed sophistication—restored palaces turned into private art salons, experiential vineyards rooted in royal legacies, and wellness sanctuaries blending ancient wisdom with silent architecture. Global investors must come not as colonizers of capital but as curators of meaning. Invest with respect, innovate with empathy, and understand that in the Adriatic, luxury is a soul, not a scheme. 

AC: You work closely with luxury businesses through ALBA. What are some innovative collaborations or business models you’ve seen emerge, and what trends do they reflect globally? 

IL: Through ALBA, we’ve seen remarkable collaborations that fuse unlikely worlds—like haute couture designers teaming with ecological boatbuilders or ancestral winemakers partnering with blockchain certifiers. This reflects a larger trend: the end of silos. Today’s luxury consumer wants cross-pollination. Beauty must be intelligent, and tech must be poetic. Our region is pioneering these hybrids, where luxury is not a vertical, but a symphony of touchpoints—from craftsmanship to climate consciousness. 

AC: Experiential luxury is now a dominant trend. How do you see Adriatic destinations and brands capitalizing on this movement to attract high-net-worth travelers and investors? 

IL: We don’t just offer experiences—we script revelations. A moonlit dinner inside a Roman cistern. A private concert in a 13th-century monastery. A vineyard tour narrated by a descendant of nobility. Adriatic luxury isn’t loud, it’s layered. It rewards those who seek, who feel, who remember. And for High-Net-Worth travelers, this is the new currency: To be transformed, not just entertained. Investors should know: Our greatest export isn’t real estate or resorts—it’s memory architecture. 

AC: How do you see the profile and expectations of luxury consumers changing, both in your region and globally? What does this mean for legacy brands? 

IL: The new luxury consumer is paradoxical: radically digital, yet spiritually analog. They want AI-powered personalization—but also ancestral stories. They follow trends—but crave timeless values. For legacy brands, this is both a challenge and an invitation. To remain relevant, they must unlearn elitism and relearn intimacy. It’s not about diluting the brand—it’s about decoding relevance without betraying essence. And in the Adriatic, we’ve mastered this duality: Tradition without nostalgia, innovation without arrogance. 

AC: With your dual role in academia and industry, what are some key strategies or mindset shifts you believe luxury leaders worldwide must embrace now? 

IL: First, replace control with curiosity. The luxury world has long operated on exclusivity through gatekeeping. But today, cultural capital is co-created with communities, creatives, and clients. Second: embrace narrative over noise. Luxury is not louder marketing; it has a deeper meaning. And finally, shift from Return on Investment (ROI) to Return on Emotion (ROE). Because luxury, at its purest, is a feeling you can’t Google. My students and partners alike must understand that the future belongs to brands that feel like a whisper, not a shout. 

AC: If you could give one piece of advice to luxury brands entering or expanding in emerging regions like the Adriatic, what would it be? 

IL: Come to co-create. We love international brands; we have always loved them. But the Adriatic doesn’t need the sole imported glamour—we already have elegance written into our stone, sea, and silence. We envision a world in harmony with our authenticity. Listen before you launch. Translate, don’t transplant. And above all, remember in this part of the world, we recognize luxury not by the price tag, but by the poetry. We are the bridge between East and West, we understand both, and we curate the arts and culture we love from both. We are a truly melting pot of beauty and authenticity.  

And one last thing: Timing is everything. If you arrive early in an emerging market, you won’t just gain market share, you’ll define the market. You set the tone, the language, the standard. You become the reference. But if you arrive late, you’re not a leader, you’re just another player adjusting to someone else’s rhythm. In luxury, as in life, true leadership is a matter of intuition, timing, and courage. 

AC: Thank you for this enriching conversation, Ivana.  It has been a true privilege to explore your remarkable journey and hear your thoughtful perspective on the evolving landscape of luxury. 

Your reflections on the Adriatic region’s unique fusion of heritage, craftsmanship, and innovation reveal a market full of soulful potential and untapped opportunities. We deeply appreciate the depth of your vision—particularly your call for brands to embrace rootedness, co-creation, and emotional resonance in today’s fast-moving world. 

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