What Happens to Luxury Goods in an Economic Downturn?
What Happens to Luxury Goods in an Economic Downturn? Why Recessions Don’t Always Hurt Luxury Brands - and Why Some Become Even More Desirable During Economic Uncertainty For decades, luxury brands have cultivated an image of immunity. While ordinary businesses panic during recessions, the assumption is that the wealthy simply carry on buying handbags, watches,










