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170-year-old luxury fashion retailer quietly closes 21 stores

THE STREET·May 17 ago·3 min read
Photograph via The Street
RSS SUMMARY · AGGREGATED FROM THE STREET

While luxury fashion is still associated with exclusivity, prestige, and five-figure price tags, the global sector is entering a period of structural transformation as consumer demand weakens and economic uncertainty reshapes spending behavior. Major luxury retailers and fashion houses have begun …

While luxury fashion is still associated with exclusivity, prestige, and five-figure price tags, the global sector is entering a period of structural transformation as consumer demand weakens and economic uncertainty reshapes spending behavior. Major luxury retailers and fashion houses have begun …

While luxury fashion is still associated with exclusivity, prestige, and five-figure price tags, the global sector is entering a period of structural transformation as consumer demand weakens and economic uncertainty reshapes spending behavior. Major luxury retailers and fashion houses have begun …

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