Are Luxury Brands Still Worth It?

This week, luxury fashion’s biggest players reported falling revenues for a second consecutive quarter, underscoring just how far demand for luxury mega-brands has fallen from post-pandemic highs.

Sales at sector leader LVMH were down 1 percent, while Gucci owner Kering’s revenues dropped 11 percent. Last week, Richemont reported sales down 1 percent. Burberry plunged 22 percent.

There were a few bright spots: Brunello Cucinelli, Hermès…