Is the luxury goods market facing a downturn in 2024? Despite a promising start to the year, recent data shows significant declines for major luxury brands like LVMH, Burberry, and Hugo Boss. Join us as we analyze the factors behind this surprising shift, from middle-class spending trends to macroeconomic pressures in key regions like China and the US. Learn how luxury brands are navigating these challenges and what the future might hold for this once recession-proof sector.