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In 2024, the "demand winter" severely impacted the Luxury Goods Industry! Institutions in Europe look forward to a recovery starting in 2025.
Several billionaires in France have suffered the largest losses in history due to a significant drop in demand for Luxury Goods; the leaders of the three major Luxury Goods giants, LVMH, L'Oréal, and Kering, have collectively lost approximately 70 billion dollars.