Is it time to invest in luxury goods stock?

I’ve been keeping an eye on the luxury sector lately, and I’m torn about whether to jump in. On one hand, brands like LVMH and Gucci seem to have a pretty solid hold on the market, but I’m wondering if the current economic climate will affect consumer spending on high-end items. With inflation and interest rates rising, are people still willing to splurge on luxury goods? I’ve seen some analysts say that the demand for luxury will remain strong, especially in emerging markets. Have any of you had experience investing in luxury stocks? What are your thoughts? Do you think this sector is worth the hype, or am I better off looking somewhere else? I’d love to hear your insights!