Luxury faces a reckoning: What do Gucci, Burberry and LVMH need to do to survive?

The post-pandemic luxury market was unstoppable. Record profits driven by China’s reopening and the revenge-on-lockdown ‘urge to splurge’ sent profits at all the major luxury brands to unbelievable highs.  Briefly, it looked as though the upswing was going to stick, with pundits – and papers – asking if it would ever end. Now, results season [...]