Stocks of luxury brands are falling, a sign that consumers’ high-end spending spree is over.

Stocks of luxury brands are falling, a sign that consumers' high-end spending spree is over.

The luxury goods boom is over as consumers abandon their years-long high-end spending spree. This is evidenced by the rout of LVMH shares, which have fallen by around 20% over the last six months. The consumer spending spree on high-end goods that began during the pandemic has petered out. Luxury retailers that have enjoyed healthy …

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