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Luxury market divide emerges between established and newer brands amid China's property crisis and changing consumer values.
Maurits Pot, CEO of Tema ETFs, highlights a pivotal moment in the luxury market, noting a divide between established brands and newer aspirational players.
Legacy brands like LVMH and Burberry may struggle due to shifts in consumer behavior and economic challenges in markets like China.
The decline in luxury spending in China stems from various factors, including a property crisis and changing consumer values, such as a preference for experiences over material goods.
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La brecha del mercado de lujo surge entre marcas establecidas y nuevas en medio de la crisis inmobiliaria de China y el cambio de los valores del consumidor.