Latest news with #MichaelMack
Fashion United
4 days ago
- Business
- Fashion United
President of Max Pawn Luxury talks pre-owned: "The younger generation has a more discerning eye"
Far from being a passing trend, second-hand is becoming a permanent fixture in consumer habits across the world. An increasing number of shoppers are taking up circular shopping habits, confirming the lasting integration of the pre-loved market in consumer preferences. With over 40 years of experience in the luxury resale sector, Michael Mack, president of Max Pawn Luxury, has closely observed the evolution of this market over the years. "Second-hand items are no longer just finds in charity shops; they are now truly special pieces that can be shown off to friends," he told FashionUnited in an email exchange. The Las Vegas-based luxury reseller has a large collection of pre-owned Hermès Birkin handbags. Mack is also delighted with the recent sale of the first Birkin bag sold at auction for 8.58 million euros. He has observed this enthusiasm in his shops: "I can say that the demand for pre-owned Hermès Birkin bags is incredible and spans all generations. These beautiful classic silhouettes, these timeless bags, appeal to far more than just women in their 40s and 50s." Michael Mack, president of Max Pawn Luxury. Credits: Courtesy of Max Pawn Resale of luxury items, a cross-generational trend For Mack, pre-owned luxury attracts both young people and older customers. "What we are seeing is that younger generations are looking for both quality and value for money when making a major purchase, such as a luxury handbag, and they are savvy shoppers." However, expectations vary. "There is a much greater focus on impact, both on the environment and on the consumer. It's great to see consumers getting informed and seeing pre-owned luxury as an investment," Mack analyses. Mack, president of Max Pawn, is a fourth-generation pawnbroker from Nevada. On his LinkedIn account, he presents himself as Las Vegas' leading luxury reseller. He graduated from the University of Southern California with a degree in finance and marketing. In 2009, he founded Max Pawn, which specialises in buying and reselling luxury goods. "It was an incredible moment and what a magnificent piece! I think it says a lot about vintage luxury: firstly, owning a worn Birkin confers a certain status, and secondly, Birkins have truly become the cultural icon of handbags," explains the luxury resale specialist. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Yahoo
10-06-2025
- Business
- Yahoo
Elle Caruso Fitzgerald from the Free Cash Flow Channel Announces Publication of "Returns & the Next Generation of Factor ETFs"
New York, New York--(Newsfile Corp. - June 10, 2025) - Elle Caruso Fitzgerald is pleased to announce the publication of "Returns & the Next Generation of Factor ETFs." This article explores how a new generation of factor ETFs are leveraging sophisticated rules-based methodologies to potentially outperform traditional benchmarks, offering investors enhanced performance and tax efficiency compared to mutual funds. Returns & the Next Generation of Factor ETFs Broad indexes originally were not designed to be investable products. They were designed to measure performance - not maximize it. What we are seeing is that there are opportunities to improve upon these indexes," Michael Mack, client portfolio manager for Victory Capital, said at Exchange. Mack emphasized, "That's the opportunity we are seeing with indexes, the ability to evolve them. Take an idea that an active manager would actually implement. Put it in a rules-based index, and take advantage of the ETF structure and the tax efficiency that comes with that. Read the full article here: The article features insights from Victory Capital, highlighting their perspective on how evolving index methodologies can enhance investment outcomes by incorporating active management principles into rules-based index strategies. About VettaFi VettaFi is a leading provider of data-driven insights and specialized services for asset managers and investors, bringing together a wealth of expertise to support client success. At the core of VettaFi is a commitment to fostering strong relationships and delivering innovative solutions that help clients engage, grow, and thrive in an increasingly complex financial landscape. For more information about VettaFi, please visit Media Contact: help@ To view the source version of this press release, please visit
New York Times
02-06-2025
- General
- New York Times
What Even Is a Sneaker?
Wow. I could write a whole treatise on this subject but will try to be brief. Officially a sneaker is 'a sports shoe with a pliable rubber sole,' at least according to the Merriam-Webster dictionary. That signifies a shoe meant to be worn while playing sports or otherwise engaging in athletic activity. For decades that made for a pretty straightforward distinction between sneakers and other shoes, especially leather lace-ups or loafers meant for wearing to work and more formal social occasions. And it made dress codes easy. If an institution wanted to signal that it was serious or aspirational, it would create a dress code that drew a line between sneakers and shoes. It was considered a sign of respect to wear more polished attire. Ergo the dress code you encountered. But that all changed in the 1990s, said Michael Mack, a professor of accessory design at the Savannah College of Art and Design who specializes in sneakers. At that time, Nike acknowledged that its footwear wasn't just about performance but culture, and sneakers evolved from being just about sports to being about identity. From there it was just a hop, skip and a jump until fashion got hold of them and started introducing shoes that may have been sneakers in name but actually looked more like sculptures. Then Covid happened, and everyone became used to wearing soft-soled shoes that didn't constrict the foot. There was no going back. Now there are dress sneakers, as modeled by the House minority leader, Hakeem Jeffries, and fashion sneakers, both of which often come with the explicit disclaimer that they should not be used for performance activities. But while there has been a clear evolution in sneaker style and sneaker etymology — and attitudes among generations about what is acceptable dress — there has not been a related evolution in many official dress codes. When I called a classic private club in New York to ask about its approach, a spokesman told me he spent hours in the Bergdorf Goodman shoe department taking pictures of Ferragamo loafers with rubber soles, trying to clarify the distinctions. Want all of The Times? Subscribe.
