Phew, yes, this luxury party by Arnault had to come to an end, the dependence on consumers who cannot afford luxury goods (aspirational customers) is another problem that has been downplayed for years. Since Corona is over, there are other ways to spend money again, especially for these people.
https://www.scmp.com/magazines/style/luxury/article/3230355/how-lvmh-plans-reattract-aspirational-luxury-shoppers-us-consumer-thinking-twice-about-spending-amid
https://www.scmp.com/magazines/style/luxury/article/3230355/how-lvmh-plans-reattract-aspirational-luxury-shoppers-us-consumer-thinking-twice-about-spending-amid
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@user35903002213 No. There's no end to it: in the high-end luxury segment, people don't care whether a bottle of champagne in a restaurant costs €200 or €250, and a Hermes scarf €150 or €250:
If you can easily spend €2000 on a handbag, you'll pay €2500 without batting an eyelid. Get into the Ferrari and drive back to your luxury yacht.
The luxury segment is hardly affected by reviews and the global economy, and never has been. It is much less dependent on these things than other values.
If you can easily spend €2000 on a handbag, you'll pay €2500 without batting an eyelid. Get into the Ferrari and drive back to your luxury yacht.
The luxury segment is hardly affected by reviews and the global economy, and never has been. It is much less dependent on these things than other values.
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