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Coach’s hit handbag shows how less-expensive luxury is gaining ground
fortune.com/europe/2025/06/04/coach-tabby-luxury-lvmh-dior-sales-economic-uncertainty
Ultra-luxury is losing its luster — and mid-tier competitors are capitalizing.
Industry bellwether LVMH Moët Hennessy Louis Vuitton SE, which reported weaker-than-expected sales in the latest quarter, was accused of selling a Dior bag that costs about $60 to make for $2,800. Meanwhile,…
This story appeared on fortune.com, 2025-06-04 09:34:15.