Editor
In the near term, luxury is staring down a hard road.
Consumers in China and now the US are pulling back on high-end spending. Aspirational shoppers who went on stimulus-fueled splurges after the pandemic are back to budgeting their dollars. And some critics say the industry has become stagnant creatively as brands churn out formulaic, logo-heavy merch that’s failing to excite customers.
But Bernstein analyst Luca Solca predicts luxury can…
