Luxury fashion slowdown likely to continue into 20250

• HotLifetainment
• November 27, 2024

After years of rising prices, especially during the post-pandemic boom which drove luxury growth in 2022/23, consumers are also adopting cost-conscious behaviour. According to HSBC, luxury prices today are more than 50% higher than before Covid. Key styles are even more expensive. An example of this is Louis Vuitton’s Speedy bag, which has doubled in

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