Luxury brands in 2023
Luxury brands brace for a 2023 slowdown, reports the Financial Times: “even the remarkably resilient luxury sector is not immune to economic turbulence, and amid the war in Ukraine, rises in energy prices and interest rates, and the threat of recession in the US and Europe, the fizz appears to be coming off the champagne”. But reopening in China could offset recessions in the US and Europe, is the analysis of FT.
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