In July, a few of the industry’s greatest gamers reported

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The democratisation of data and consumer energy by way of social media has performed a huge part in this. Platforms like TikTok and Reddit are crammed with conversations that challenge the industry’s worth proposition replica bags, which has made it so much tougher for luxury manufacturers to manage their narrative. Recent gross sales figures underline just how far demand for luxury mega-brands has fallen from its post-pandemic highs. In July, a few of the industry’s greatest gamers reported disappointing revenues for the second consecutive quarter.

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