“There is misunderstanding of the word luxury among people. Luxury doesn’t have to expensive, but it has to be precious,” says Angela Missoni, the Creative Director of iconic brand Missoni. The brand Missoni has been at the forefront of Italian fashion since Angela’s parents, Ottavio and Rosita, started designing their unconventional and distinctive patterned knits in 1953. Angela Missoni was speaking on Day 2 of the 16th edition of the Hindustan Times Leadership Summit in New Delhi.