Geopolitics
5 articles
Middle East luxury sales drop amid geopolitical turmoil
LVMH's Fashion & Leather Goods business segment, a historical powerhouse, recorded its first year-on-year decline in the first quarter, dropping 9% amidst Middle East geopolitical tensions.
Luxury Brands Bet on Ultra-Exclusivity Amid Geopolitical Turmoil
The global luxury market is projected to grow 4-6% annually over the next decade.
Middle East luxury brand sales plummet amid airport shopping decline
Traffic at the opulent Dubai Mall plummeted by approximately 50% in March, signaling a sharp decline in luxury spending across the Middle East, according to Whbl .
Luxury brands face profit squeeze as UAE malls feel Iran conflict impact
Sales at Dubai's Mall of the Emirates plummeted by 30% to 50% in March, a direct consequence of the escalating Iran conflict.
Regional tensions send luxury brand sales tumbling in UAE
In March 2026, sales at Dubai's Mall of the Emirates plummeted by 30% to 50% compared to last year, a stark indicator of how quickly regional tensions, including the Iran conflict, are reshaping globa