The Wertheimer family, who own Chanel, might skip taking their usual payout from the brand’s latest earnings—a rare move signaling even the ultra-luxury market isn’t immune to the current slowdown. It’s a subtle but telling shift for a company that’s long been a symbol of unshakable high-end demand.

Editor’s Note: When the folks behind one of the most iconic luxury brands tighten their belts, it’s a red flag for the whole sector. This isn’t just about Chanel—it hints that even the wealthiest consumers might be pulling back, which could ripple through everything from handbag sales to high-end travel. For an industry built on exclusivity and indulgence, that’s a big deal.