Following record profits during the pandemic, luxury powerhouses have been bit by a slowdown in demand and changing consumer habits. Yet, some luxury brands managed to buck the trend, delivering ...
Some of them are brand ambassadors of luxury brands. According to the FICCI official, fakes can be found across most product categories, including medicine, spices, baby food, mineral water ...
approximately 50 million luxury consumers have ceased buying iconic luxury brands like Dior, Burberry, and others, marking the first decline in luxury consumption since the Great Recession of 2009.
Luxury brands have lost about 50 million customers in two years. Secondhand websites and lower-price competitors are welcoming defectors with open arms. Demand for luxury goods is expected to be ...