Why Luxury Goods Are Being Discounted Like Never Before | Vantage with Palki Sharma

Luxury brands are facing a sharp slowdown as consumers push back against rising prices. New data shows discounts on luxury goods have reached their highest level in more than a decade, with some items marked down by as much as 40 percent. After years of aggressive price increases, demand has weakened, profits have fallen, and margins have narrowed. Major groups including LVMH and Kering, are cutting costs, slowing expansion and reassessing strategies. Shoppers are increasingly questioning whether high-end products still justify their price tags, forcing the global luxury industry to rethink how it sells exclusivity in a changing market.

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Luxury Goods | LVMH | Kering | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#luxurygoods #lvmh #kering #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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