Pre-Owned Luxury Expands to Copenhagen Airport and Royal Caribbean Amid Slowing High-End Demand
Luxury brands are facing challenges as demand slows. Bernard Arnault, the head of LVMH, saw his wealth drop significantly due to a 16% decline in the company’s share price this year. In response, savvy travel retailers are shifting their focus from high-priced boutiques to the growing market of "pre-loved" luxury goods to boost sales. Germany-based retailer Gebr. Heinemann recently opened a 215-sq...
