Beware Chinese Manufacturers Selling ‘Actual’ Birkins For Cheap
The democratisation of information and client power by way of social media has performed an enormous part on this. Platforms like TikTok and Reddit are filled with conversations that challenge the industry’s value proposition, which has made it so much harder for luxury brands to manage their narrative. Recent sales figures underline just how far demand for luxury mega-brands has fallen from its post-pandemic highs. In July, a variety of the industry’s biggest gamers reported disappointing revenues for the second consecutive quarter.
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