Tourists from America and Asia can now get a new Louis Vuitton bag for a much better deal in Paris or Milan than they can in London.
It looks like the steady stream of profits enjoyed by many luxury brands is starting to slow down.
As the luxury brand industry slows, companies are now looking for ways to get rid of their increasing surplus of excess inventory.
Early reports indicate that the Christmas 2023 shopping season was better for some luxury companies than others.