I would expect luxury goods manufacturers to suffer during a recession Well, you can look at say Rolex to see what happens. They suffered yes but they didn’t c

I would expect luxury goods manufacturers to suffer during a recession Well, you can look at say Rolex to see what happens. They suffered yes but they didn’t cut (list) prices because that would undermine their status. Instead they launched Tudor as the budget-Rolex brand and that seems to have worked OK (for the company anyway). Luxury goods manufacturers often have long histories and are able to look further ahead than a single economic cycle.