Bernard Arnault, the CEO of French luxury goods company LVMH, attended Trump's inauguration in January. His company's wine and spirits brands, which include Moët & Chandon, Krug, Veuve Clicquot and ...

Luxury items, such as big-screen televisions ... Demand is an economic concept that relates to a consumer’s desire to purchase goods and services and willingness to pay a specific price for ...

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The luxury business is in the midst of a painful downturn. Weakening economic growth from America to China has led shoppers ...

A slump in luxury fashion is prompting designer reshuffles at top houses Gucci, Chanel and Dior to reignite heat around their ...

The U.S. jewelry market grew 5% in 2024 to $85.4 billion, but affluent consumers are pulling back on planned jewelry ...

A sharp hike in the price of luxury goods in recent years has cost some brands a key group of customers. About 50 million customers were sidelined from the luxury goods market by 2024 as prices ...

Recent years have seen the prices of luxury goods rise sharply, sidelining a critical group of shoppers—those with “aspirational” wealth, CNN reported. According to Aaron Cheris, a partner ...

Just this morning, another maker of luxury goods — Ferrari (RACE) — said it will have to respond to the tariff threat. After all, the wealthy don’t like to waste money either. “We are ...