The 2025 Luxury Report: Preppy Fashion, a Return to Craftsmanship, and the Fine Jewelry Boom

In this episode, Who What Wear Editor in Chief Kat Collings sits down with Kristen Nichols, WWW's associate director of special projects, to discuss her annual Luxury Report—a comprehensive analysis of the trends, It items, and runway moments that defined this year in luxury fashion. They recap the highly anticipated creative-director debuts we saw at major houses, including Michael Rider's first show with Celine, and they discuss which celebrity partnerships drove luxury sales all year long. Plus, Nichols shares her predictions for the trends we'll see in 2026 as new designers take on big roles at major fashion houses. Read the Luxury Report here! Shop our editors' eBay picks here!