Million Dollar Babies: How the luxury kidswear industry grew up

Balenciaga AW15 show was running late. Everyone was waiting for the girl of the moment to show up. She finally appeared, and settled herself in the front row next to Anna Wintour.

This It Girl wasn’t Beyonce. It wasn’t Kate Moss. It was North West, age two.

Miss West is the daughter of Kim Kardashian, a reality television star, and Kanye West, rapper. She…