I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.
It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.
I agree that luxury goods are high or stable in demand and often considered as "recession-proof". However, even they experienced a decline during the COVID-19 pandemic.
I'm not sure why you compared it to a bank robbery. Not all wealthy individuals prioritize luxury goods, and their investments can vary widely beyond just luxury brands. Therefore, it doesn't quite feel like a bank robbery, at least in my opinion.
Ultimately, everything has its ups and downs. Luxury may not always be a priority, especially during times of war or hardship. Additionally, not everyone needs luxury items, particularly those in professions that don't rely on appearances to instill trust. While luxury can contribute to a trustworthy image for some, it's not universally necessary.