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Luxury Brands Face Structural Crisis as Growth Model Hits Limits

Luxury giants like LVMH, Hermès, and Estée Lauder are losing momentum as a decades-old growth playbook built on mass marketing and artificial scarcity runs out of road, according to a new analysis that urges a return to pre-1990s practices.

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Luxury giants like LVMH, Hermès, and Estée Lauder are losing momentum as a decades-old growth playbook built on mass marketing and artificial scarcity runs out of road, according to a new analysis that urges a return to pre-1990s practices.