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The wealthy are splurging on Ferraris, Gucci handbags, and expensive Champagne, while McDonald’s customers can’t afford combo meals

As inflation continues to squeeze consumers across income brackets, rich people aren’t feeling the same pinch — which means the brands they shop for aren’t either. The world’s two largest luxury conglomerates, Kering and LVMH Moët Hennessy Louis Vuitton, reported strong earnings last week, with both …

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