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But the elite consumer of premium ground transportation is still spending money".
Until now, this debate about organic food has been confined largely to the elite consumer, according to the industry.
Donald Trump, who certainly qualifies as an elite consumer, affirmed in a telephone interview that there was still some life at the top of the market.
Think about what are arguably the three most elite consumer tech companies in the world: Apple, Google and Microsoft.
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Elite consumer-goods companies trade at 12 to 14 times Ebitda, Mr. Ghriskey said.
"We think this belongs in the company of elite consumer-goods companies," says Timothy M. Ghriskey, senior portfolio manager at the Dreyfus Corporation in New York.
"It appears that mass affluence may be a thing of the past — and that luxury marketers should reconsider how their products appeal to elite consumers".
Italy has more EU-protected food products than most EU nations - 155 items - part of what Dickie calls 'Europe's move towards quality produce aimed at elite consumers'.
He said: "[It's] a bit of cultural branding used to conceal what is basically a speculative property development aimed at elite consumers".
Eric von Hippel, a professor at the Sloan School of Management at the Massachusetts Institute of Technology, argues that a huge swath of innovation can be traced to elite consumers whom he calls lead users.
Some regulators have warned that the industry's data-mining could be used for discriminatory practices — such as offering elite consumers better pricing or identifying financially troubled consumers who might be susceptible to predatory lending.
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CEO of Professional Science Editing for Scientists @ prosciediting.com