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How are luxury brands beating the cost of living crisis? | Business Beyond

How are luxury brands beating the cost of living crisis? | Business Beyond

How are luxury brands beating the cost of living crisis? | Business Beyond



The biggest names in luxury are doing great business. The firm behind Louis Vuitton, LVMH, is Europe’s most valuable corporation and its CEO the continent’s richest person. But how long can the post-pandemic luxury boom last? With the help of experts and industry insiders, we look at the markets for luxury goods, cars, jets and real estate and investigate where they are going.

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#luxury #business #costofliving

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Comments (45)

  • crenshaw blanding Reply

    luxdups bag is so amazing!!!!

    November 22, 2023 at 10:28 pm
  • Anthony Tolhurst Reply

    Wealthy folk don’t worry about $100 for 2 oz of tobacco like everybody else. Or $10 US gal for gas. Or anything else.

    November 22, 2023 at 10:28 pm
  • Shelly lofgren Reply

    Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

    November 22, 2023 at 10:28 pm
  • kekea Reply

    Bố mẹ bạn sẽ qua đời trong vòng 5 năm nx . Để thoát khỏi lời nguyền, bạn phải sao chép và dán vào 5 video khác, t là nạn nhân xin lỗi

    November 22, 2023 at 10:28 pm
  • Thu Thao Nguyen Reply

    what is isreal? is it real enough yet

    November 22, 2023 at 10:28 pm
  • An Reply

    The reason china has soft power over the world is their consumer and export

    November 22, 2023 at 10:28 pm
  • 阿B老爸, Daddy's Bebe Reply

    Well poor give birth more humans who provide cheap labour and their boss the rich ones getting richer

    November 22, 2023 at 10:28 pm
  • William Estrada Reply

    ●●○○•°◇♧◇◇◇◇◇◇◇🕶🔎⚖️📊🧸🐕💎🔍🪽🪩🤳🏉🏈🏉🏉🏉🏉💫🏆

    November 22, 2023 at 10:28 pm
  • Art Banks Reply

    The rich got richier that's how you know capitalism is working.

    November 22, 2023 at 10:28 pm
  • Lavendersprig Reply

    Poor immigrants and people on welfare demand them .

    November 22, 2023 at 10:28 pm
  • T Mo Reply

    This video is way out of date. China is over. They have no money left.

    November 22, 2023 at 10:28 pm
  • Jennifer Lewis Reply

    I honestly think it’s a sign of the diminishing middle class and the widening gap between the rich and the poor. The rich are getting richer, and the poor and middle class are getting poorer. A sign of the diminishing middle class is in the United States, the IRS changed their income range for what is considered to be middle class for a single filer. A single person earning between $75K and $150K is considered to be “middle class”.

    November 22, 2023 at 10:28 pm
  • Ho L Reply

    Marriage rate decline , birth rate falling globally . Nowadays, consumer spending their money in pursuing living in luxerious lifestyle or social life . Not for family like paying mortgage , kids expenses etc . Especially new generations are most likely “YOLO”prioritize their income into enjoying luxury experience such as , cars ,luxury goods ,vacations .that cause the luxury booming

    November 22, 2023 at 10:28 pm
  • sadra olaedo Reply

    I know this video is 7 months ago but, About 2 WEEKS AGO there was a report about a plunge in luxury purchases. So what is happening to them of lately?

    November 22, 2023 at 10:28 pm
  • Miss Whiskers Reply

    Wow, that Swedish accent eight minutes in is just SO strong. xD

    November 22, 2023 at 10:28 pm
  • asdabir Reply

    Is that…Rob words??

    November 22, 2023 at 10:28 pm
  • RiRi Reply

    I’m fr the future . Its not booming anymore 😂

    November 22, 2023 at 10:28 pm
  • Bald&theBluetiful Reply

    November 22, 2023 at 10:28 pm
  • Matthew Caldwell Reply

    Because price gouging is already part of their business model. They take advantage of the psychological loophole that conflates exclusivity and quality with high price. It does not bear v this level of analysis

    November 22, 2023 at 10:28 pm
  • shorts_dose Reply

    What luxury is booming where???
    Cost of living in high , companies laying off, spending ratio is low
    and you are saying luxury is booming,are you high or smoked something 😂
    Better be promoting you investors

    November 22, 2023 at 10:28 pm
  • TRP Web Reply

    Stimulus destroyed middle class and made the rich, super rich.

    Bidenomics

    November 22, 2023 at 10:28 pm
  • filmbuff000 Reply

    The major luxury brands have jumped to designate members of (South Korean supergroup ) BTS as global ambassadors. In particular, Celine has grown dramatically since signing Kim Taehyung, aka V. He has a huge fanbase in SK and China/Japan. Is there any information on the countries who are driving the success of Celine? Just curious.

    November 22, 2023 at 10:28 pm
  • Renno Prabowo Reply

    Luxury good is always making people poor. 😅😅

    November 22, 2023 at 10:28 pm
  • Rare Journeys Reply

    Answer: afterpay, Klarna, affirm, uplift, EarnIn, Dave…and the list goes on

    November 22, 2023 at 10:28 pm
  • Vessela Reply

    Because the money hasn't disappeared. It just changed hands.

    November 22, 2023 at 10:28 pm
  • ThornyDevil Reply

    This is awfully outdated. China is going through a harsh crisis and sales will undeniably slow down on that market.

    November 22, 2023 at 10:28 pm
  • RICHARD Phillips Reply

    Okay lay off the drugs. No one's buying your luxury products. No one's buying your luxury cars. And no one's buying your luxury homes. Have fun going broke rich man. 😂🤣😂👍 And sadly Google does not know how to spell off. 😂🤣😂👍

    November 22, 2023 at 10:28 pm
  • Mia Testarossa Reply

    Interestingly, car and home repossessions are out of this world… Guess that's the other side of spending all of that money on something you cannot afford. Sad…

    November 22, 2023 at 10:28 pm
  • Laurence Vasquez Reply

    Chinese consumers mean Chinese sales people.

    November 22, 2023 at 10:28 pm
  • Dennis B. Reply

    3:50 ukranian shopping mall 😄

    November 22, 2023 at 10:28 pm
  • $PVCEGΦD Reply

    So is nobody gonna talk about the Stimulus Checks that got spent on Luxury Items

    November 22, 2023 at 10:28 pm
  • Pedro Roque Reply

    I always say – If you want career which will be profitable at all times, seek opportunities in the luxury sector.

    November 22, 2023 at 10:28 pm
  • Pedro Roque Reply

    Crisis tend to benefit a lot of the wealthy, while punishing the vast majority to even darker lows.

    November 22, 2023 at 10:28 pm
  • Behemoth The Cat Reply

    Most people used to not know about luxury and didn't care. The imtermet and social media chamged that forever. My sister is ostensibly middle class yet her zoomer daughter has been begging for Chanel walets and YSL bags for birthday/Christmas since she was 16.

    November 22, 2023 at 10:28 pm
  • Kairos Keiros Reply

    The middle class want to buy few selective good quality clothes they can wear +5 years. I think that’s why they’re buying them NOW. The clothes will be more expensive in the near future, so we’re trying to cut the future cost now.

    November 22, 2023 at 10:28 pm
  • Iilly Macdovers Reply

    What a moment here there's nothing I can say about this but we got a whole 120 hour shift in the undersea treasure Hall

    November 22, 2023 at 10:28 pm
  • Anna Marfa Reply

    Wealthy people love it when it is more obvious how far apart from the lower classes they are.. Not all of them but most do.

    November 22, 2023 at 10:28 pm
  • jcrafthouse Reply

    The hunger games are upon us.

    November 22, 2023 at 10:28 pm
  • David Wright Reply

    I feel and look good in jeans and T shirt…so….there's that….

    November 22, 2023 at 10:28 pm
  • SANJAY DAMOR Reply

    This luxury industry destroying world band also not selling items if sales than thay destroyed all items instead sale low price for maintain value of brand than produce new products ,its not sustainable for earth 😢

    November 22, 2023 at 10:28 pm
  • Kimberly Soto Reply

    Louis Vuitton gained all that wealth in market value when Americans all ran to their store with their stimulus check to buy a Neverfull bag. They are now a dime a dozen In sightings,
    No longer luxury in my mind when nearly EVERYONE has one. But LV was the winner there!

    November 22, 2023 at 10:28 pm
  • With_the_motion Reply

    The most costly footwear i own cost around 14.5 dollar…. I know my worth😂😂

    November 22, 2023 at 10:28 pm
  • Seen Reply

    Would this indicate the widening gap between economic classes?

    November 22, 2023 at 10:28 pm
  • gentuxable Reply

    How comes nobody that takes the flight plan of private jets cannot put some tax in that gets higher the lower the number of passenger? Oh yeah because you can't possibly tax rich people so poor people have to pay more and richer people get richer. It's sad reality but everyone can either step up the ladder or lose.

    November 22, 2023 at 10:28 pm
  • gentuxable Reply

    I don't think it is only the wealthy that buy those luxury goods, these are middle class people that can afford to get these goods just barely on credit and they might lose them. I just read in the news about a 22yo lady who had 2 LV bags that got auctioned these days, she must have had her credit card for maximum 4 years at that point.. It is an aspirational thing more than anything else.

    November 22, 2023 at 10:28 pm

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