Other major manufacturers like Richemont and Burberry also

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In July, some of the industry’s biggest gamers reported disappointing revenues for the second consecutive quarter. LVMH, the world’s leading luxurious conglomerate, missed gross sales estimates, while Gucci’s parent firm Kering, skilled a decline of 11%. Other major manufacturers like Richemont and Burberry also reported disappointing figures, with first-quarter gross sales plummeting by a staggering 20%. Quince’s $100 handwoven Italian leather-based Hobo bag is a convincing dupe of the Bottega Jodie, which costs upwards of $2,800. Roughly one-third of all US adults have intentionally purchased a dupe, according to Morning Consult, with that figure rising to nearly half for Gen Z buyers and 44% for millennials.

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