Luxury brands refer to high-end companies that offer premium products or services characterized by superior quality, craftsmanship, exclusivity, and prestige. These brands often represent a status symbol and are associated with opulence, high prices, and a distinct lifestyle. Luxury brands typically operate in sectors such as fashion, jewelry, automobiles, cosmetics, and hospitality. The allure of luxury brands stems from their commitment to providing exceptional customer experiences, innovative designs, and a strong heritage or brand storytelling that resonates with affluent consumers. The perception of luxury is often enhanced by limited availability, bespoke services, and high-profile marketing strategies that create an aspirational image.
```html Gucci has unexpectedly dismissed creative director Sabato De Sarno shortly before the fall 2025 Milan show. Kering's stock rose 5.1% following the announcement, indicating market optimism amid uncertainty. De…