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mmayr

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mmayr

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Friday, 11/10/2023 2:41:28 PM

Friday, November 10, 2023 2:41:28 PM

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Richemont CEO Warns "Softening Demand Across All Categories" As Luxury Downturn Worsens

Whether it's the former CEO of Walmart, Mike Wilson from Morgan Stanley, or credit card data from various research desks, there's a unified message emerging about waning consumer strength.

In the luxury space, we asked in May Did Europe's Luxury Bubble Just Burst?

By June, we pointed out Luxury Recession: Diamond Prices Crash, Rolex Downturn Persists.

See Article Here: https://www.zerohedge.com/markets/richemont-ceo-warns-softening-demand-across-all-categories-luxury-downturn-worsens

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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