Mass unemployment resulting in a drop in disposable income for non-essentials and demand destruction is severely impacting the luxury market.
Luxury brands have experienced a precipitous drop in sales and publicly traded ones in both sales and equity value.
For this reason the luxury market will undergo extensive restructuring, reorganization and redefinition including bankruptcies and M&A.
Recovery will be long, brutal and arduous and contingent on consumer confidence for non-essential products & services.
You may access all the particulars through the article The Luxury Market’s Brutal Restructuring.
Indo-Brazilian Associates LLC is a NYC-based think-tank and advisory service that provides prescient beyond-the-horizon contrarian perspectives and risk assessments on energy investments, geopolitical dynamics and global urban security.