Prices are now testing even the most ardent of luxury supporters. “I mean, it’s outrageous,” David Fischer, founder and CEO of the youth culture platform Highsnobiety, told CNN over a call.

The luxury boom is slowing, hurt by a pullback in spending among middle-income households.; The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic ...

The luxury space doesn’t feature many three-row SUVs with a plug, but among them is the less refined Lexus TX 550h+ and the much more expensive Land Rover Range Rover PHEV. ( See these models ...

The luxury conglomerate, whose brands include Tiffany, Dior and Celine, said AI will be key to both operational efficiency and better customer retention in a tougher market.