Luxury isn’t what it used to be: What’s happening to the world’s most exclusive brands?
8 June 2025
The decline in consumption in China, the main engine of growth, has weighed down the world’s leading brands, led by France and Italy.
Economic uncertainty, now exacerbated by Donald Trump’s tariff war, is another factor, while inflation and rising prices have further shaken demand in a the sector, which has lost 50 million customers in one year.
Economic uncertainty, now exacerbated by Donald Trump’s tariff war, is another factor, while inflation and rising prices have further shaken demand in a the sector, which has lost 50 million customers in one year.