Catering to 'upper middle class, the rich and ultra-rich untouched by the crisis' has helped luxury houses such as LVMH, Kering, Richemont thrive in pandemic
Image: Ludovic Marin / AFP
The luxury sector has flashed back from the Covid-19 pandemic but the crisis is still putting a crimp in travel, a key part of the market.
Industry giants have reported results that show the world's well-heeled are splurging on luxury goods as sales surpass even pre-pandemic levels.