Luxury goods demand collapses as consumers struggle, portfolio manager warns

Espiria portfolio manager Peter van Bärlekom states on Börsmorgon that luxury goods have been 'catastrophic' as consumers struggle, indicating a sharp demand downturn in the sector. The claim is an expert opinion, not corroborated by hard data in the item, but aligns with broader consumer-stress signals. This matters as luxury is a leading indicator for discretionary spending and high-end consumption, suggesting downside risk to growth and inflation expectations.