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.
Subscribe:
For more news go to:
Follow DW on social media:
►Facebook:
►Twitter:
►Instagram:
►Twitch:
Für Videos in deutscher Sprache besuchen Sie:
#luxury #business #costofliving
source
Comments (45)
luxdups bag is so amazing!!!!
Wealthy folk don’t worry about $100 for 2 oz of tobacco like everybody else. Or $10 US gal for gas. Or anything else.
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.
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
what is isreal? is it real enough yet
The reason china has soft power over the world is their consumer and export
Well poor give birth more humans who provide cheap labour and their boss the rich ones getting richer
●●○○•°◇♧◇◇◇◇◇◇◇🕶🔎⚖️📊🧸🐕💎🔍🪽🪩🤳🏉🏈🏉🏉🏉🏉💫🏆
The rich got richier that's how you know capitalism is working.
Poor immigrants and people on welfare demand them .
This video is way out of date. China is over. They have no money left.
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”.
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
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?
Wow, that Swedish accent eight minutes in is just SO strong. xD
Is that…Rob words??
I’m fr the future . Its not booming anymore 😂
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
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
Stimulus destroyed middle class and made the rich, super rich.
Bidenomics
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.
Luxury good is always making people poor. 😅😅
Answer: afterpay, Klarna, affirm, uplift, EarnIn, Dave…and the list goes on
Because the money hasn't disappeared. It just changed hands.
This is awfully outdated. China is going through a harsh crisis and sales will undeniably slow down on that market.
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. 😂🤣😂👍
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…
Chinese consumers mean Chinese sales people.
3:50 ukranian shopping mall 😄
So is nobody gonna talk about the Stimulus Checks that got spent on Luxury Items
I always say – If you want career which will be profitable at all times, seek opportunities in the luxury sector.
Crisis tend to benefit a lot of the wealthy, while punishing the vast majority to even darker lows.
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.
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.
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
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.
The hunger games are upon us.
I feel and look good in jeans and T shirt…so….there's that….
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 😢
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!
The most costly footwear i own cost around 14.5 dollar…. I know my worth😂😂
Would this indicate the widening gap between economic classes?
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.
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.