Behind the gloss, a quieter reality is emerging. The luxury sector is in a cyclical slowdown, with earnings slipping even among its most celebrated names.
Prestige brands face a slump, but experts call it a temporary, cyclical dip
As fashion houses debuted their Fall/Winter 2025 collections in London, New York, Milan and Paris, the spectacle was unmistakable. Designers showcased the season’s boldest textures and retro-futurist silhouettes on catwalks under the watchful eyes of fashion editors, influencers and high-net-worth clients.
