“The super-rich are not the target clientele of luxury”, says LVMH

“The super-rich are not the target clientele of luxury”, says LVMH

One is used to hearing that the super-rich are the target clientele of luxury. And that this is what shields the big brands from market bad weather: because there may be war, crisis and inflation, but a nabob will continue to spend like a nabob. From the Financial Times’ investigation into the golden moment of…

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