Gucci remains the definition of conspicuous luxury (aside from Louis Vuitton and Hermes, perhaps). Tom Ford's successor Frida Giannini understands the Gucci customer: monied, well-traveled and reverential to Gucci legend. Frida never disappoints, even when she's toning it down.
I am most impressed by the short-shorts (which are everywhere; gentlemen, I hope you've kept up with your fitness regimens) and the always-amazing accessories. The detailing is surprisingly subtle, but fantastic:
And this backpack is it: