![At times of crisis, it is tempting for brands to consider promotions and even price reductions. But is this a recipe for self-destruction? Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2022/11/jing-daily-111022.jpeg)
What would a recession mean for luxury brands?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Marketing | No Comments![At times of crisis, it is tempting for brands to consider promotions and even price reductions. But is this a recipe for self-destruction? Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2022/11/jing-daily-111022.jpeg)
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","iv":"aeaf190e66fa5bd43a31be8409b06fec","s":"dc8f0f66c9e327ce"}