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Luxury houses see growth figures sluggish, according to Chanel CEO we are even “luxury tired”: is that really true?

Summary by Het Nieuwsblad
Luxury houses like Gucci, Chanel and LVMH are seeing their growth slow down. According to the CEO of Chanel, we are even ‘luxury-tired’. What’s the truth in that? “We have never sold as much jewellery to young people as we do now.”
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Het Nieuwsblad broke the news in Belgium on Monday, May 12, 2025.
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