'The rich will only get richer' and defy luxury slowdown, says group behind $139,000 speakers

(Credit: Lauryn Ishak—Bloomberg via Getty Images)

The luxury slump has become one of the biggest phenomena of a tight 2023. The rich are splurging less and luxury retailers from LVMH to Gucci and Balenciaga are all getting caught in the riptide. 

But at least one company believes it can get ultra-rich shoppers to keep buying its products and defy the proclaimed end to the “roaring 20s.”