France’s latest wave of unrest is hitting luxury retail hard, with looting, closures and mounting economic losses that hearken back to the Yellow Vest protests of 2018.
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France’s latest wave of unrest is hitting luxury retail hard, with looting, closures and mounting economic losses that hearken back to the Yellow Vest protests of 2018.
LVMH’s softer third-quarter results signal a luxury market still under pressure. As the industry’s strongest player, it is preparing for a tougher cycle ahead.
Louis Vuitton earned millions in earned media value during the World Cup victory celebration. The brand has long turned such sports trophy moments into cultural capital.
The luxury market is experiencing a significant downturn, with Interbrand reporting a 5% drop in top brand valuations like Louis Vuitton and Gucci in 2025.
LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn but it may be bellwether of worse ahead.