Luxury market faces longest slump in decades
Edited By WION Video Desk
Published: Apr 09, 2025, 06:10 IST | Updated: Apr 09, 2025, 06:10 IST
What happens when recession fears grip the markets? Consumers abandon luxury and save for necessities. This sentiment has heightened tensions in the $400 billion global luxury sector, already under pressure from weak Chinese demand and signs of fatigue in the US
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