Luxury Stocks: an Investment With Potential?

The luxury sector has faced challenges in recent years. Following a pandemic-induced boom characterized by price hikes and a desire to maintain exclusivity, companies like Burberry and Chanel lost customers. Rising inflation and people's urge to go out again contributed to this decline. The sector has not fully recovered from this downturn, but there are signs that luxury stocks may be regaining momentum. Glitz and reality check Although luxury goods like the iconic Birkin bag, which is expected to be auctioned for a seven-figure sum at Sotheby's,...