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Excerpt from Fashionista -- "For the past nine years, New York University’s Luxury and Retail Club has brought together students, faculty, luxury executives and local business owners to discuss the ever-changing luxury landscape. Eve Mongiardo, chief operating officer and partner at Irving Place Capital, argued that luxury is no longer about exclusivity and high price points. 'Some argue that Starbucks is a luxury company,' said Mongiardo. 'In many ways it is because it’s a daily indulgence that many of us can’t live without.' Luxury can mean different things to different people — it just depends on whom you’re asking."

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