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Recent gross sales figures underline simply how far demand for luxury mega-brands has fallen from its post-pandemic highs. In July Replica Bags Replica Handbags online, a variety of the industry’s largest players reported disappointing revenues for the second consecutive quarter. LVMH, the world’s main luxury conglomerate, missed gross sales estimates, whereas Gucci’s father or mother company Kering, experienced a decline of 11%. Other major brands like Richemont and Burberry also reported disappointing figures, with first-quarter gross sales plummeting by a staggering 20%.
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