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CB Questions Is the luxury market showing signs of decline?

Is the luxury market showing signs of decline? 1

Are luxury brands like LVMH and Gucci indicating a downturn in the luxury market?

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CNBCTelevision
CNBCTelevision
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Dec 06, 2024 1:56 pm EST
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The luxury market's performance is mixed. While some companies like LVMH and Gucci may have reported issues, others like Hermes and Prada have shown positive results. This suggests that the luxury market is not uniformly declining but rather that some brands are facing challenges while others continue to thrive.

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