The Prestige Edit

Economic Downturn

1 article

An empty luxury boutique with high-fashion mannequins, symbolizing the crisis in the luxury market due to a shrinking consumer base and missed clients.
Luxury Fashion

Luxury market crisis: Consumer base shrinks, brands miss clients

In the first half of 2026, the luxury consumer base in the Gulf region alone shrank by 15 percent.

Victoria Laurent·August 9, 2026