The Rich Can’t Get Enough Louis V as Luxury Fashion Brands Surge

Victor Lei — Head of Research Trends

How do you survive a recession? Sell $100K handbags to the ultra-wealthy. Nearly two years after the COVID luxury boom started, consumers are still splurging — and luxury stocks are surging: Last week, Louis Vuitton owner LVMH and Hermès both reported earnings that knocked ‘em outta the park. Hermès saw double-digit growth in all geographies…

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