So what is "quiet luxury"?
Quiet Luxury's outperformance over Loud Luxury in 2023.
"Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points.
According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity.
Loud luxury not in vogue
Persons:
Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, —
Organizations:
Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S
Locations:
VIENNA, AUSTRIA, Asia, South Korea, Japan, India