THEY GOT GREEDY: Luxury Sector the BIGGEST Downturn in 30 Years

2025 is set to be a tough year for the luxury fashion industry, with it expected to see a downturn not seen since the Great Recession. There seems to be several key reasons for this, including hefty price rises since 2019. Let me know what you think. SOURCES https://www.fashiondive.com/news/bain-luxury-spending-flat-worst-2024/733451/ https://www.mckinsey.com/industries/retail/our-insights/state-of-luxury https://www.voguebusiness.com/story/consumers/luxurys-growth-stutters-as-50-million-consumers-pull-back-on-spending https://www.businessoffashion.com/articles/luxury/inside-luxurys-slowdown-lvmh-dior-results/ ********************************************************************* //DISCLAIMER: This video is not an AD/Sponsored.