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Luxury fashion’s glittering runways hide a growing struggle for shoppers

From Milan to Paris, luxury fashion's biggest names are chasing fresh ideas as shoppers become more cautious about spending on high-end goods.

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奢侈时尚光鲜亮丽的T台背后,隐藏着购物者日益严峻的困境

A model presents a creation as part of the Fendi Spring/Summer 2027 womenswear collection at Milan Fashion Week. Photo: AP

Glitzy runway shows by the world’s biggest fashion brands in Milan and Paris mask a worrying picture for luxury executives behind the scenes – a slowdown that appears to be getting worse as war in the Middle East rages on.

Investors are increasingly concerned about luxury brands' growth prospects as sector recovery remains elusive, with the inflationary effects of the Middle East conflict squeezing shoppers' budgets at a time when their enthusiasm for high-end handbags was already fading.

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