Fmr. LVMH Exec. Brown on Estée Comeback, Consumer Trends

Pauline Brown, former chairman of LVMH North America, said luxury spending traditionally aligns with economic indicators including housing values and unemployment rates, but noted that current consumers are more discerning in their purchasing decisions. Brown made the comments during an appearance on Bloomberg's "The Close" with hosts Romaine Bostick and Sally Bakewell.

Next story