Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived

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"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."

https://fortune.com/europe/2024/09/30/bernard-arnault-mark-zuckerberg-wealth-lvmh-luxury-industry/