The Business Times
business-time-50

Katharine K Zarrella

LVMH, Kering, Burberry, Richemont, and Capri Holdings reported losses this year. Management consulting company Bain predicted that 2024 would be the first year of luxury slowdown since the 2008 financial crisis (excluding the pandemic).

Obscene prices, declining quality: Luxury is in a death spiral

Many high-end labels have broken the principles that made them so successful

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