Shares of luxury brands are tumbling in a sign consumers' high-end spending spree is over

Shares of luxury brands are tumbling in a sign consumers' high-end spending spree is over

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None The boom in luxury goods is over as consumers pull back on their multiyear high-end spending spree. • None That's evidenced by the rout in LVMH stock, which has cratered 25% over the past six months. • None Luxury companies may not be able to depend on the ultra-rich for profits as the…

#noneluxury #lvmh #datatrek #nicholascolas #bankofamerica #ralphlauren #sanfranciscofed

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