Yes, at times I buy luxury brands. But not so much for the fact that they are expensive, but for the quality product. They can hold the value, and if you have the provenance to confirm the origin of the product, it can at times be worth more. They get through bad times, and shine in good times. For me though quality is more important than anything else. One of my favourite brands are Tissot that also make reasonable priced products. And Chanel you can never go wrong with for a New Year present. Unfortunately most companies don't seem to give shareholder discounts. But I hope someone can prove me wrong on that one.
Have You Bought These Luxury Brands?
Deloitte recently released Global Powers of Luxury Goods 2022, announcing the top 100 luxury companies in the world for 2022.
The luxury sector showed strong resilience, with a cumulative decline of 8.8% in 2022, while the $S&P 500(.SPX)$ fell 19.4% over the same period.
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Have you bought these brands?
Which brand will you buy as a new year gift?
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Do you invest in luxury or luxury stocks?
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