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A luxury ‘phobia’ is gripping these consumers. It’s a red flag for brands like Chanel and Gucci.
01 Feb
Politics
Posted by dgenznft
February 1, 2026

A luxury ‘phobia’ is gripping these consumers. It’s a red flag for brands like Chanel and Gucci.

In China, conspicuous consumption is out, and “local heroes” are in.
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