Luxury isn't dead
The middle class is
LVMH's entire growth story was a leveraged bet on the aspirational middle class.
But nobody is buying Gucci when layoffs and inflation are beating your ass
Meanwhile Hermes, Brunello, and Loro are all hitting all time highs because the wealthy are getting wealthier (K-Shaped Recovery)
Luxury isn't dead
The middle class is
Aria Radnia 🇮🇷 (@ariaradnia)
LVMH the parent of Louis Vuitton, Dior, Fendi, Sephora and 70+ other luxury houses
Has now put up SIXTEEN consecutive quarters of de-accelerating growth
$LVMUY $LVMH $MC.PA
— https://nitter.net/ariaradnia/status/2068484844103831768#m