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Financial Times
Financial Times
Business
Adrienne Klasa in Paris, Lauren Indvik and Harriet Agnew in London, and Gloria Li in Hong Kong

Will the extraordinary boom in luxury goods ever end?

Bernard Arnault, chief executive of LVMH, speaking at a shareholder meeting this month. The luxury group’s ascent has put it among the top 10 biggest companies © Blondet Eliot/ABACA via Reuters

Sharon Wong had decided she had earned a little indulgence as she browsed at Louis Vuitton in La Samaritaine department store, one of Paris’s marquee luxury shopping destinations.

“It’s expensive, but I’ve been thinking about it for a few months,” the thirtysomething marketing manager from London said as she examined models of the Petit Sac Plat, a small rectangular bag which costs about €1,500. “I save a bit, I think about them as investments. The top names will always have value, especially the styles with history.”

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