Worse than Expected Sales Drop in Q3 2024 | Gucci in trouble⁉️ LVMH the worst ‼️ Hermes❔

[@Oystermato]

Oooo I actually like that they’re doing poorly…. These prices are crazy

[@deborahcurtis1385]

Yes cry me a river. Prices are indeed crazy compared to the cost of living otherwise. People's discretionary income has dried up and there are crime waves that are not really being discussed. It's never been more important to have a low profile if wealthy unless you want to go around with security detail...and restrict yourself to certain events which have that.

[@Kia805]

Those price increases are outrageous! So yes good for them

[@Chicago48]

Overpriced much? Too many dupes are competitively priced and women don't care if they have the "luxury" name unless it's for investment purposes.

[@Kia805]

@@Chicago48 yes just like your thrift store items

[@sgedit-r]

They’ve gotten too greedy and consumers are fighting back.

[@tigerlilly5]

I stopped buying luxury especially LV. I wanted to buy a Neverfull Blue and asked if there was a new one in the back and was told no that it was the last one. I caved in and bought the bag, the next day I went back to the store to get a matching color wallet and lo and behold another Neverfull Blue was sitting in the same spot. I asked the SA where the bag came from and he said it was the last one in stock. I was so furious and told him the SA who sold me my bag said the same thing less than 24 hours ago. I returned the bag and haven’t been to another LV store since. For the amount of $$$ they charge, customers should be able to get a brand new “untouched” bag that hasn’t been fondled by everyone else. Very sneaky.

[@miao-m9q]

Never settle in luxury houses. When u pay premium, u are paying for the services too. Request firmly and politely. walk away if they say dont have it, then another bag will just arrived magically, most of the time. 😂

[@deborahcurtis1385]

This happens with Fendi and other brands as well. They constantly lie and gaslight but they rely on people's need for acceptance and insecurity. The fake friends phenomenon with SAs is part of it, along with the 'luxury experience'. I mean buy the bag at somewhere that rewards artisans and is an independent label, and get your own champagne, go out to dinner and celebrate, because you're paying for that luxury experience with the insane prices.

[@crab3696]

I bought a cosmetic pouch on LV online and the "new" pouch arrived smelling like perfume. In fact the whole box smelt like perfume. So I returned for a new one after I complained to customer service. Pretty awful!

[@francescathegreat1]

I am want to buy the nice BB but I have heard stories of clients getting “used” bags. The leather ones! My last LV agenda had glue on it upon arrival so I had to mail it back with photos and the process was a hassle. Thankfully my reorder agenda was fine.

[@totesgene]

They do get shipments daily so it’s possible you weren’t being lied to.

[@a.w5533]

These brands got greedy and didn’t realize that quarter by quarter growth is not sustainable. Declining sales shows me that people are not putting themselves in debt over luxury items, which is great to see. We all love beautiful things, but there will always be rising brands that offer better designs and better quality at better prices.

[@deborahcurtis1385]

When a luxury company is listed on the stock exchange it invariably becomes a greed machine. The lofty claims of quality are just that and mostly you are paying for marketing. Hermès listed on the Paris Bourse in 1993.

[@priscilaazeneth]

I love these videos. Please consider making more. Can you talk about how Coach is doing vs the other higher price point luxury brands?

[@aminaelrihany8844]

I like coach since Long Long time not. Only now

[@DominiqueJardinMusic]

People are tired. A „must have“ bag will run out of style within what feels like weeks these days. I spent so much money on nonsense, because I was so influenced, but I stopped it all. Social media is a scam

[@deborahcurtis1385]

It is so insincere especially as most of them claim business tax for any losses and use their profiles to sell. Fake friends and parasocial relationships and it's all kiss kiss air kisses. It really makes you wonder...

[@KarenL3027]

It's their own fault. They priced the middle class buyer out of their market and into the newer lesser expensive brands.

[@madokaor3611]

I’m so over luxury brands. I spend my cash on quality things and it doesn’t matter what brand or where it’s made.

[@amiralovesart]

The prices are ridiculous, the quality is bad, customer experience is snorty, their workshops are inhumane, so why exactly wouldn't their sales decline 🤷🏽‍♀️

[@miao-m9q]

After sale service is not up to standard too, may be even worse than mid luxury brand. Not to mention, the whole balenciaga saga is so loathing that i avoid the whole Kering group. Dior sweatshop made me to have less desire to get more bags from luxury houses, inclusive Hermes. Oh, and i found out influencers are gifted with free luxury bags just recently. i m utterly speechless. 😂

[@deborahcurtis1385]

nailed it!

[@wildcat62282]

Wow the greed, poor quality for the price, and insane price increases bit them in the butt? Shocking

[@deborahcurtis1385]

Yes it's karma.

[@sally3570]

Love this content! I was just in Rome and went into Gucci for a friend. I was shocked that I found an adorable black bag, “Horse bit 1955 mini” with 2 straps - one dress up the other dress down. I love it! I also bought a reinvented 1955 scarf and twilly. I was shocked because I’m not a Gucci person but fell in love with these items. I totally agree with your analysis though. LV lost me when they pushed leather although I also have a leather speedy but no way am I buying any others. I believe in buying things a company is known for like Burberry trenches, max Mara camel coats, and LV canvas. LVMH has turned into a money grab and that completely turns me off.

[@carlahabib1768]

Let’s not forget that LVMH’s Italian Dior maker is being investigated for outsourcing its luxury manufacturing to Chinese-owned firms that allegedly exploit workers. Why pay thousands for a bag that only costs €65 euros to make it? We’re not fools. Their golden days are over!

[@CapeCodBelle]

I love these type of videos!! Please continue them:) I'm happy I purchased most of my luxury collection years ago. My desire to over-spend on lesser quality is not there. I've been adding more contemporary brands lately and I don't feel like I'm missing out.

[@arushi9371]

Honestly, I am not even surprised. Their prices are unreasonable and the way they talk to customers is shit. All their products have seen a decline in quality and most of their products are logo overload...almost feels like they are the ones buying us, walking billboards and not us buying their products

[@suzyq8777]

I haven't bought anything in Gucci for quite awhile. I have purchased from Chanel, LV, Bottega Veneta, and Celine. My issue with purchasing is rising prices and quality going down just isn't worth it for me just like you mentioned. I'm taking a break and using what I have.

[@__jelly]

Recently came back from Japan and was happy to score a handful of secondhand luxury pieces. I personally feel like the vintage LV canvas bags are better quality as well.

[@nerdgurl402]

I’ll be in Tokyo and Osaka in May. Hoping to do the same.

[@jbbb7418]

When I bought my first luxury bag from Gucci wayyyyyy back I paid the equivalent of one and a half weeks pay. I could not spend one and a half weeks pay for a similar bag today. I find myself purchasing used on Fashionphile more often now, mainly because by the time I thoroughly research an item, and make the decision to buy it is either discontinued or the color I want is discontinued. I love these videos…. They are second only to your unboxings of luxury items, which understandably are not currently happening, and your thorough reviews of luxury items. 😊

[@deborahcurtis1385]

I bought preloved during lockdown. Mostly I bought unknown or lesser known brands like Morabito and Bally and fixed them up. It's been fun. I got a small Tom Ford era black hobo in an auction and it's really great for evening. I've been anticipating and watching this slow train wreck from a while back.

[@GiveMeTheLook]

OK what nobody’s really talking about is that the influencers are getting people to buy these bags. So when you rise your prices to the point where the influencers can’t buy them they start buying other bags and other stuff and then everybody that’s following them follows suit. So now you have a whole group of people that are like I’m not paying those prices Right. These corporations don’t deserve the money they were getting because it was the influencers and the average person that was able to afford the products and those aspiring to afford the products that made the brand what it is today and then these brands decided they didn’t want to be associated with average people they were trying to get us out of their way because it didn’t match their look and that only prestigious rich people should buy their products. Well look at how that’s worked. We are the ones that pay the light bill and all of your expenses. Not them. They may be the 2% but we are the 98% and we are speaking. These corporations don’t deserve the money. They were selfish, greedy, and I hope that their stocks continue to decline because that was a horrible thing to do to people, who were loyal to the brand. Making them wait online and making them feel like crap when they’re in there trying to buy your product.

[@Sonnysbunny]

Loved the content. Thank you. It would be interesting to see if the rise of mid luxury brands had any affect on their losses. I’m in the pool of customers disgusted with declining quality and have turned to these mid luxury brands that seem to have comparable quality with reasonable prices.

[@totesgene]

Well I’m sick of these ridiculous prices. It’s just stupid. I feel a fool for buying from these houses.

[@wendyclcl]

I can tell LVMH is not doing good, a LV sales associate keeps leaving me messages to contact her. Years ago i was ignored by the sales associate in LV store.

[@beyourownbeliever]

The biggest issue is, the price is increased every year sind covid..and the people wont be a part of this madness. How many LV‘s, Saint Laurents, Hermes etc do you need? I don’t wanna pay for influencers, so they could get everything for free and as return i get cheap and bad quaity for poor quaity…Thanks but no thanks Ma‘am…

[@susanma4899]

The most aspirational thing I do is watch your channel, lol. I don't buy luxury goods and I never did. I'm just teaching English over here....

[@danafillo]

Looked at some bags on the Gucci website the other day and thought I was hallucinating with the prices they were asking. A MINI CANVAS shoulder bag was $3,300. Just...absolutely not. Mini leather bags for $3,900. Not worth it. They are delusional if they think I'm buying at that price. If it was $1,000 less I'd consider, but that price point is not worth it at all.

[@MissWxo]

Exactly. I wonder if thats why Gucci also has an Outlet compared to others…

[@dawnh7224]

I agree. I’m now looking at some high quality leather purses in lesser known boutique brands.

[@ritafernandes7218]

I’m done. I am keeping my pieces (Fendi, Cartier, LV, Tod’s ) but I won’t buy anything new from these or any other luxury brands. My next purchases are going to be from longchamp and MZ Wallace . Maybe some Demellier or fleuron. But nothing from traditional “luxury” houses.

[@deborahcurtis1385]

I recently got an Hermès belt because I was going out of my mind trying to find something that wasn't screaming a brand, and would last. But the assumption that I would want to build a spending profile to get a Birkin is just ridiculous...

[@rebeccamckenna2378]

I also keep buying MZ Wallace bags (3 in total: a shoulder bag, a crossbody and a backpack). Three is enough for me. I find their bag affordable, decent quality, and most of all functional for everyday use and looks great! I never reach for my Parada, Gucci, etc.

[@ea1420]

To me brands like Gucci, YSL, and LV are more entry level luxury brands. You go to them to buy your first purse. But, with all the price increases they have priced out a lot of their customer base. The middle class who bought one purse a year now can’t can afford or can’t justify the prices. Especially given that the designs are stale and boring. Five to seven years ago, something like the Pochette Métis was a hot bag, and could be purchased for $1500. So something that many middle class people could afford. And, I think the idea that $1000-2000 is some how affordable is ridiculous.

[@OrioleBeagle]

A lot of people have gone back to buying brands like Coach.

[@hhueter]

like i'm upper middle class and i do purchase a lot, but it's usually 1 major bag and a couple of smaller bags per year. But like at fendi i can get a full leather mini bag for under 2k before tax. I can't get that that any of these major brands that have raised their prices beyond what someone could afford without considerable savings as opposed to semi-impuslive. for me these brands need to decide who their customers are. like if they don't want middle class customers then that's fine, but they have to recognize they're going to take the sales hit.

[@ea1420]

@@hhueter I agree. It’s fine if they want you to focus on their high end customers. Those customers who can shop their brand the way I can shop at Target. But, they also have to be, as you noted, to take the sales hit and to struggle to attract younger customers who will have money but don’t really now.

[@hhueter]

@@ea1420 i'm not sure if the brands want to accept it. like that cfos statement makes it seem like they think if they just release the right version of a bag they'll get that consistent spending back.

[@alisonuy2604]

Thank you. I ❤ your video. One thing l still remember from economic 101, supply and demand. The prices of lv and Chanel and others went up and up because the demand. Now the demand isn’t there anymore, I do wonder what they would do? I don’t think you can do major price reduction, that would be deflation, that is bad, isn’t it. How do they get back to the price point where people would buy again? Is that why they acquired newer companies like polene to have the sales volume at the price ranges that people are still loving and buying to make their balance sheet look good again, to make up for the shortfall of Gucci etc?

[@LouvuiLove]

I meant to say that Hermes bags and Chanel are ridiculous prices. I’d rather buy a car lol and I’m a bag lover 😅

[@MargaretQ]

I’m done with luxury I was personally in a pattern of buying and selling that was expensive and exhausting and led to me not being happy with what I had. When I’d sell to repurchase from a brand a newer release the pieces were so over the top! Last LV I purchased will be my last and also my fave the carryall which can we worn crossbody or on the shoulder.

[@LulaWestLuxe]

Great analysis! There’s definitely a huge disconnect these days between prices and quality. Even though I still love looking at all of the new releases, I tend to buy more pre-loved pieces for that reason.

[@karlenglewood8940]

I would be careful with Hermès. While their leather is still superb, their other stuff in RTW is not up to the same quality. I've seen a jacket on display with loose thread coming off of it by the closure. Their causal offerings are not up to par with some other brands and the shirts they offer for $1000 still had squared cuffs. (if you know, you know)

[@maisy4675]

Love the video! Thank you for this information. I wholly agree that luxury fashion is not where it once was.

[@Mommyingthis]

Oh and can you also do a coach one. Their quality has been pretty good and consistent!

[@LouvuiLove]

I love LV and YSL. But the frequency of price increases has meant I refuse to buy as often. I have bought a lot of pre loved instead and have managed to get some of my unicorn bags. Not sure when I’ll be buying new from store again 🤷🏽‍♀️

[@rosya.traveler4269]

My friend and I were at the LV boutique at the Paris airport few days ago and the SA was trying so hard to sell us things. We already knew what we wanted to purchase but she was keep suggesting other things they have, new handbags, jewelry, etc. I have never seen them try so hard to sell their handbags in the past. lol! It was quite annoying!

[@susanpozanc9944]

My speedy i bought 25 years ago is better quality than my LV graceful that my husband bought me for a Christmas a year ago. I asked where he got it because it didn't have the same feel and quality. I have since told him that although I like LV, I don't gravitate there either. I don't see the quality like it used to be. I have been shopping pre loved, vintage. I prefer their canvas over the leather goods. 😊

[@sjerzgrl]

Thank you for this content! I find it very interesting and hope you continue sharing your research and knowledge with us.

[@designsgood]

They shot themselves in the foot with their greedy price increases (and decline in quality) and priced out their base customers.

[@WyeChengChong-ql7lr]

Yep, totally agree!

[@LadeeHaha]

Thanks for taking the time to explain this 👍 I find it silly that they keep blaming China for all their troubles. No explanation for the drop in sales in US and Europe, nor why is a competitor ahead with double digit growth 🙄

[@kellygrace1617]

I won't buy LV. They are laughing at us.....all the way to the bank. I will pay for lux when it is quality. There's no 24 ct gold plating, there's not fair pay for artisan workers, they have low quality materials. Why on earth would I pay for that?

[@justinehintz1478]

I haven’t bought from Gucci in several years and have no plans to purchase from YSL, Botegga or LV. I may purchase a Polene before those prices skyrise.

[@MY-kh9hx]

Love your videos as always ❤ It’s good to know people are prioritising their financial health / needs over luxury fashion items! Second hand prices or luxury goods here in HK dropped a lot too. At an economy recession, I would rather buy ETFs and gold over a fashion item with only a big name. Let’s enjoy what we already have and be more sensible when acquiring new items!

[@SvDu-bb7rh]

Look at watch market, some companies even asked government of Switzerland to pay salaries to save industry. It’s a common situation, markets go up and down.

[@karenkelly9168]

Been shopping preloved.

[@Oystermato]

Please keep talking and sharing finance! So much to learn and so much of it is gatekept…. I guess the wealthy need to keep it that way…

[@edanacichanowicz1711]

Fascinating background. Looking forward to future analysis.

[@cvan9438]

I think decreased earnings it’s a combination of the customer’s short term and long term financial plans when thinking about current inflation, the knowledge of less than ethical production practices by the brands and the most important one the increase in prices. Gone are the days where you could get a Fendi, Prada, Gucci for $1500. Now every thing is $2000 plus.

[@chidenisee]

I am rebuilding my handbag wardrobe, and I have 4 bags I am contemplating. I do plan on buying from the secondhand market for sure.

[@gbatzul]

Someone at the New York airport tried getting into my luggage with a knife last year and made a big hole in my blue Rimowa, which I bought in 2015. I had the chance to get a new one and the quality of the new Rimowas were a joke. They do not even have the bag holder, it is just a logo now. The Rimowa staff said my luggage is one of the most beautiful Rimowas out there and he recommended me to keep it instead of getting the new plastic Rimowa (even though they have a lifetime guarantee now). My old Rimowa was made of stronger metals, stronger wheels, so I asked them to fix the hole instead of getting a new plastic Rimowa. After that I sold my LVMH stocks as well.

[@WhatLeslyeLoves]

I’ve only purchased one luxury item this year and it was merely to replace an item. With so many wonderful emerging brands out, I’ve been more drawn to their silhouettes and…..let’s face it….in this economy, better prices.

[@asirf.3634]

Bottega probably grew because in my country, they’re doing a buy 3 get less promo in their discount outlets… their iconic puffy sandals dropping in prices by 70/80%

[@lagniappe1914]

Last weekend, I bought the Gucci suede booties, and I love them. But I passed on looking at the bags. Too much money for what you get. Even the shoes were higher than I would have expected. Prices have jumped too much, and folks will opt for jewelry or vacations over disposable products like bags, shoes, clothing, etc.

[@murphyville]

As long as quality is poor, I won’t be buying. I do own shares of LVMH.

[@jkhc29]

If LVMH and the Kering Group want to niche themselves they can and still be profitable. The caveat is that they need to stop mass producing and bring back quality materials and quality craftsmanship. The bubble has burst and will remain leaky until they remember their history. It really is quite simply. Who is their target market and do the research as to what they are interested in, their purchasing power, speak their language and wow them. They will buy. J.

[@Bananaswatching]

Aw the rich ppl aren’t getting richer? Let me play the worlds smallest violin

[@thebagselite7712]

Really interesting. Thanks for sharing!

[@yoadrienne939]

Seeing your Toy YSL makes me still want one. I've wanted one for years!

[@joerudnik9290]

Their success was based on quality and timeless style, which gave the purchase longevity. You are willing to pay more for something that ages gracefully. They’ve turned it into fast fashion….. getting profits from mass production, not their past production policies of quality, first.

[@Elizabeth_lowkeyluxuries]

Havent bought any designer handbags since 2022. Been investing. Cant rely on government or others to take care of you.

[@dawnh7224]

Amen

[@sams3015]

I love these kinds videos

[@merrywalsh2809]

One of the issues was the COVID buying bubble. People were at home, not spending money on travel, entertainment and eating out. Women were watching endless influencer videos and getting their brains hacked. That bubble has burst. We feel ripped off. We may not be going back. I will keep and enjoy my purchases, but I will not be buying more. I am glad these brands are getting spanked.

[@jackieduplessy1459]

Great video! I’m learning so much from these videos! Thank you ❤

[@evarosalin8416]

Keep making these type of videos! Very insightful. thank you

[@Monkey-oy1us]

Not into luxury goods anymore. I prefer to buy quality items, that’s not made in a sweat shop. I don’t want to support extravagant pricing w workers being treated poorly. And after that, I prefer to buy used goods, furniture made in the 1950-70s are much better quality than new.

[@louislove8354]

I haven’t been shopping at all. My last big purchase was from January 2023. Lately, I’ve been doing more shopping on the Adidas site 😅

[@KulianMarilen]

Yes the color of the HQDUPE is beautiful and it is a great decision, maybe one day they will add feet and straps. It would be nice to have a bigger bag during the colder months when we have to store gloves, beanies, scarves, etc…

[@JacquelineB-vs9xx]

It seems like LV and Gucci quality has gone down as well some of their bags look cheap and not well made. I remember my first LV Speedy 35 about 20 years ago was around 600.00 now it’s just ridiculous. My Hermes bags are my holy grail and will always be , Hermes is about the only place anymore to get quality goods.

[@Oystermato]

I like this content so much

[@dylenrobertsj3417]

Why does her saying aspirational buyers sound like a polite way to call? Someone broke?!! Lol

[@ginamorris4520]

I still love LV,Gucci and YSL. I am not going against any brand for the reason that I couldn't afford them, I am against brands that blatantly bully(like Gabbana calling Selena Gomez ugly)and (Balenciaga for child abuse in their campaign).I shop slow now though, but 2020-2022, all these big brands had bumped all their prices way up too fast and too often in response to the demand. Now that things started to settle and we, both consumers and these brands, felt the effect of that economic phenomena. New alternatives cheaper than these well-known brands had popped up or got known bec lux lovers are looking for alternatives but I believe these companies too will react the same way given the chance. Polene did. Personally, I have my small lux collection of these big brands, style and function that I love and works for me. These big brands will survive this crisis, they gain and lose billions all through the years. As a consumer, I go for what I love in luxury bags(influenced or not). But yeah, slow and deliberate spending now. I can't deny that during Covid, we can't go anywhere and that itch was scratched by shopping online. We are just humans after all, we cope in whatever way to keep our sanity.

[@heidijay5902]

I’m personally done with all luxury brands with the exception of one or two pieces of jewellery that I still love & want. I’m currently in the process of selling all luxury items I don’t regularly use. I guess I’m just not into any of it anymore & would rather spend my money elsewhere.

[@Michael-f3z]

I read LVMH Q3 Financial Report and Jewelry and Watches Category is -5% also. The whole watches market is going down after the bubble bursted and Tiffany is not doing well like Cartier and Van Cleef & Arpels.

[@bagsaddicted]

Thanks for this video! I prefer your financial & business insight video above all ❤ they help to increase valuable knowledge

[@davidpachecogarcia]

If these companies have been doing so great year over year, this small decline shouldn’t bother them right…You know since we little people know how to budget and save our several thousands of dollars vs these multi billion corporations with multiple financial advisors. I never have sympathy for a company especially when they have such market share. Like what did you expect when almost everyone who wanted your items already has them now? LV is like the McDonald’s of luxury brands at this point; cheap quality, so many stores and soooo many options. Virgil deserved so much better. 😔

[@mommynaa]

Love the content!!

[@flohough1870]

I've had it with LVMH. It's all about greed now. Arnault deserves a hit to his wallet and ego. Especially after the stuff coming out about that Dior sweatshop. I'm sure it's not the only one. I'll stick to quality mid-range products from now on. Enough.

[@Kennylotr]

Almost everyone I know is staying away from buying the LVMH group’s products.

[@EVL-xj5vc]

Unstable economy, emergence of mid luxury brands, social media all these have an impact on how consumers want to spend their money.

[@hidlyjoseph9141]

I love Gucci and YSL..I buy them for me ,to use not for resale. So yes I will still buy them

[@ChatsWithChris]

Please please please like this video folks I need more conversations to be had like this publicly.

[@maomaozen3889]

You have a beautiful collection. However I believe the trends of showing logo are over, people prefer to spend their money on something else and go for low key quiet fashion.

[@joannathesinger770]

If/when I buy luxury goods, it's vintage. The quality and price is much better value for my dollar. However, I did buy a fair amount of DUYP/HCC just yesterday...and far from my first purchase. Definitely best value for my dollar!!! However, I DO buy fragrances from a few of the luxury houses you mentioned.

[@davidsanchez9632]

I recently bought the ysl loulou puffer after wanting it for soo long (was waiting for a different color) in red and i love it😍 the leather is amazing i wish i got it sooner because this bag was over 3k 😭 but i got it cuz I know I would use it and i can justify it somewhat😅, the prices are insane so this is one of the last big purchases for a while.

[@hehehehfun4938]

I dont like designers anymore because its unrealistic. I see ppl wearing Hermes but takes the subway, wearing gucci but drives a Toyota, head to toe in Prada but arguing the sale clerk for a perfume sample. Like ha?

[@hhueter]

i don't really buy from ysl, i don't go in anymore really it's just not my style anymore. there's a tote i like, but i'd rather spend a similar amount of money elsewhere. i'm still a dedicated fendi shopper, because i like the bags and i can get bags at relatively good price still. I just love the bags. Like that LV pochette is probably about half the price of my fendi origami and i'd rather just buy the origami. This would probably be my 1 house to shop. these brands had to know that by raising prices, certain segments would drop off and the 1% might not make up for it with their spending. they either have to accept the hit or eventually drop their prices is what i think.

[@dawnh7224]

I was so disappointed in some (faux) pearl Dior earrings I purchased recently that I returned them and bought some real Celine pearls. They weren’t even good fakes and the quality was so poor in Dior that I felt like like a fool if I had kept them. I’m not buying any of these luxury bags now because the quality does not warrant the price. IMO, when I see people wearing these brands, I now think they are wannabes who want people to think they have wealth because they are trying too hard.

[@jkhc29]

Buying “luxury” does not equate to wealth and just because you don’t want to wear an LV bag in public and others do please don’t call them wannabes…that’s very insulting.

[@agr1323]

I love these updates!

[@mijnbook]

I stop buying "luxury" in 2022, the quality got very poor and the prices are just insane, they think we customer are idi0ts so yeah, my money they won't see it again!!! 👎

[@itssandy4194]

appreciate the mindful discussion.

[@user-od8qw7ti8k]

The whole world is going through a meltdown.

[@Jp22524]

Yes, love this type of content. ❤

[@valbonaivezaj140]

The Saint Laurent, Gucci, and Hermes bags are the cutest ones, sales or not 😂. I just bought a brand new Marmont for $3,000

[@michellejacobsen331]

With these companies basically collapsing under the weight of their hubris, and the rise of less expensive but higher quality brands, at what point do these "luxury" brands become (and this will probably offend some brand loyalists) laughingstocks? These brands once represented luxury and good taste; will they devolve into tacky has-beens who only represent excess? 🤔

[@valbonaivezaj140]

The Saint Laurent, Gucci, and Hermes bags are the cutest ones, sales or not 😂

[@SueBates]

Love this content!

[@notablackclassicflap4416]

There was a KZbinr I used to follow. Content of her channel was mostly about luxury finance which I found interesting. Similar to what you just discussed. She doesn’t have her channel anymore. And there’s not really anybody that really talks about this in an educated financial level.

[@LadeeHaha]

@MarysRoom does a wonderful job as well

[@shangrilamonkey2008]

It’s all about prices. It has exceeded on what a lot of their buyers are willing to spend. The chinese economy is slowing down and also banned socmed celebrities flaunting their luxurious buys. The US market has slowed down a longtime ago anf most of theslow down inprofits is due to the decline in sales in the asian market. This is getting close to the end of luxury hype.

[@aminaelrihany8844]

Despite the qyality issues in lv. People love the brand and ll buy. I think itnia number one with Chanel

[@tereclemmer7923]

Very interesting information. Thanks!

[@Theelizabethedit8]

I’m about to buy the Saint Laurent Manhattan box bag 😂😂

[@kurisuchan07]

Chanel in the corner unsure if they should release their sales