Bifurcation between luxury brands is growing: Fmr. LVMH exec
02/24/2024 06:01
Luxury brands are experiencing difficulties in their recoveries in European and Chinese consumer markets. Former Chairman of LVMH North America Pauline Brown — LVMH (MC.PA) owns high-end brands like Christian Dior, Louis Vuitton, and Marc Jacobs — sits down with Yahoo Finance Live to discuss factors accelerating spending from select segments of luxury consumers. "The reality is there is some shift going on in terms of experiences versus goods, and what is a really interesting trend which I'm going to continue to watch are the bigger luxury brands going into hospitality. For example, Vuitton will be opening its first-ever hotel in Paris — Vuitton Hotel," Brown says. She goes on to comment on bifurcation from Chinese customers stemming from the overall quality of brands. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Luxury brands are experiencing difficulties in their recoveries in European and Chinese consumer markets. Former Chairman of LVMH North America Pauline Brown — LVMH (MC.PA) owns high-end brands like Christian Dior, Louis Vuitton, and Marc Jacobs — sits down with Yahoo Finance Live to discuss factors accelerating spending from select segments of luxury consumers.
"The reality is there is some shift going on in terms of experiences versus goods, and what is a really interesting trend which I'm going to continue to watch are the bigger luxury brands going into hospitality. For example, Vuitton will be opening its first-ever hotel in Paris — Vuitton Hotel," Brown says.
She goes on to comment on bifurcation from Chinese customers stemming from the overall quality of brands.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.