The New Economics of Luxury: Why High-End Markets Continue to Outperform
Luxury has always occupied a unique position in the global economy—resilient during downturns, accelerated during recoveries, and increasingly influential in shaping consumer behavior across industries. Yet in recent years, the definition of luxury has evolved beyond heritage brands and high price points. Today, luxury represents a complex intersection of scarcity, identity, craftsmanship, and experience. For…