Luxury Brands Face Mounting Pressure in Milan and Paris
Luxury fashion brands face a severe slowdown as geopolitical conflicts and inflation squeeze consumer budgets. Executives in Milan and Paris struggle to justify costly runway shows amid shifting spending habits.
Xurve View
Insights:
Xurve View
Global luxury brands are facing a severe slowdown, with shares in Gucci owner KERING erasing prior gains as runway show costs reach up to €11.47 million. Sector recovery remains elusive as Middle East conflict inflation squeezes shopper budgets. The downturn highlights growing polarization among high-end labels as middle-class spending declines.
