--- title: "Meaning & Key Takeaway of: The luxury industry has always been a…" description: "\"The luxury industry has always been a little bit counter-cyclical.\" — Antoine Arnault" image: "https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg" --- # The luxury industry has always been a little bit… ![“The luxury industry has always been a little bit counter-cyclical.” quote by Antoine Arnault](https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg) [Download](https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg) [Open image](https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg) > “The luxury industry has always been a little bit counter-cyclical.” [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The luxury market often moves opposite to the broader economy, thriving when others falter. **In simple terms:** Luxury can rise when the economy falls. Key Takeaway Leverage downturns for luxury growth. Themes luxury economics counter‑cyclical Mood cautious optimistic Type analytical strategic When to use this quote - Brand positioning - investment strategy - risk assessment Key Concepts Market dynamics consumer confidence Questions to Reflect On - How can brands stay resilient in deep recessions? - What signals indicate a counter‑cyclical upswing? A Different Perspective Luxury demand may still dip in severe crises. ★ ★ ★ ★ ★ No ratings yet [Always](https://sms4smile.com/quotes/about/always/) [Been](https://sms4smile.com/quotes/about/been/) [Counter Cyclical](https://sms4smile.com/quotes/about/counter-cyclical-4732197/) [Cyclical](https://sms4smile.com/quotes/about/cyclical/) [Industry](https://sms4smile.com/quotes/about/industry/) [Industry Little](https://sms4smile.com/quotes/about/industry-little-4732198/) [Little](https://sms4smile.com/quotes/about/little/) [Luxury](https://sms4smile.com/quotes/about/luxury/) [Luxury Industry](https://sms4smile.com/quotes/about/luxury-industry-870730/) ## Related quotes > [The luxury industry is being radically reshaped by technology-driven innovation.](https://sms4smile.com/quotes/antoine-arnault/the-luxury-industry-is-being-radically-reshaped-by-technology-driven/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [Fur is not luxury: it is an industry of death and suffering.](https://sms4smile.com/quotes/brigitte-bardot/fur-is-not-luxury-it-is-an-industry-of-death-and-suffering/) [Brigitte Bardot](https://sms4smile.com/quotes/author/brigitte-bardot/) > [Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a…](https://sms4smile.com/quotes/ludwig-von-mises/every-innovation-makes-its-appearance-as-a-luxury-of-the-few-well-to/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Music is like fashion, it's transient and cyclical.](https://sms4smile.com/quotes/satish-kaushik/music-is-like-fashion-it-s-transient-and-cyclical/) [Satish Kaushik](https://sms4smile.com/quotes/author/satish-kaushik/) > [Wrestling is cyclical. And if you look at the '80s, it had an unbelievable run, and then it just fell down. '90s had the…](https://sms4smile.com/quotes/diamond-dallas-page/wrestling-is-cyclical-and-if-you-look-at-the-80s-it-had-an/) [Diamond Dallas Page](https://sms4smile.com/quotes/author/diamond-dallas-page/) > [I think that music is cyclical, and that trends happen and happen again.](https://sms4smile.com/quotes/fab-moretti/i-think-that-music-is-cyclical-and-that-trends-happen-and-happen-again/) [Fab Moretti](https://sms4smile.com/quotes/author/fab-moretti/) > [I only know from my own personal experience, and I personally feel that there's a cyclical nature to things, so you don't want to…](https://sms4smile.com/quotes/jeffrey-jones/i-only-know-from-my-own-personal-experience-and-i-personally-feel/) [Jeffrey Jones](https://sms4smile.com/quotes/author/jeffrey-jones/) > [I laugh, that there's a certain kind of cyclical nature to life and that I don't have to worry because whatever isn't there right…](https://sms4smile.com/quotes/walter-mosley/i-laugh-that-there-s-a-certain-kind-of-cyclical-nature-to-life-and/) [Walter Mosley](https://sms4smile.com/quotes/author/walter-mosley/) > [I've been reading about the idea of cyclical lives - it matches up to the idea of string theory and a multiverse. So I…](https://sms4smile.com/quotes/sturgill-simpson/i-ve-been-reading-about-the-idea-of-cyclical-lives-it-matches-up-to/) [Sturgill Simpson](https://sms4smile.com/quotes/author/sturgill-simpson/) > [We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy.](https://sms4smile.com/quotes/douglas-leone/we-see-china-as-a-large-market-opportunity-with-similar-cyclical/) [Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/) > [There are always, of course, job losses of a cyclical nature in a recession.](https://sms4smile.com/quotes/tim-bishop/there-are-always-of-course-job-losses-of-a-cyclical-nature-in-a/) [Tim Bishop](https://sms4smile.com/quotes/author/tim-bishop/) > [Most filmmakers' entire body of knowledge is of other movies. When they describe things, they describe them in relation to other movies. That's why…](https://sms4smile.com/quotes/john-malkovich/most-filmmakers-entire-body-of-knowledge-is-of-other-movies-when-they/) [John Malkovich](https://sms4smile.com/quotes/author/john-malkovich/) > [Every dimension of knowledge is an exponentially cyclical paradox of maturation.](https://sms4smile.com/quotes/colby-tatem/every-dimension-of-knowledge-is-an-exponentially-cyclical-paradox-of/) [Colby Tatem](https://sms4smile.com/quotes/author/colby-tatem/) > [I think it's cyclical. Zombies have been around for ages, and vampires have run their course; we've had so many vampire movies.](https://sms4smile.com/quotes/jonathan-levine/i-think-it-s-cyclical-zombies-have-been-around-for-ages-and-vampires/) [Jonathan Levine](https://sms4smile.com/quotes/author/jonathan-levine/) > [I see history as really cyclical in terms of the intense idealism, and the desire to create a better life outside of societal norms.](https://sms4smile.com/quotes/lauren-groff/i-see-history-as-really-cyclical-in-terms-of-the-intense-idealism-and/) [Lauren Groff](https://sms4smile.com/quotes/author/lauren-groff/) ## More by Antoine Arnault > [Millennials, as others, want creative, durable, desirable, and beautiful products. But they do add a new criteria: respect.](https://sms4smile.com/quotes/antoine-arnault/millennials-as-others-want-creative-durable-desirable-and-beautiful/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [I like to respect my customers.](https://sms4smile.com/quotes/antoine-arnault/i-like-to-respect-my-customers/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [In many competitive worlds like luxury, things are done behind closed doors and with secrecy, so one day I had a eureka moment: for…](https://sms4smile.com/quotes/antoine-arnault/in-many-competitive-worlds-like-luxury-things-are-done-behind-closed/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [A pair of Berluti shoes has this flair, these nuances in colour and patina, so I thought: 'What if we took this je ne…](https://sms4smile.com/quotes/antoine-arnault/a-pair-of-berluti-shoes-has-this-flair-these-nuances-in-colour-and/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [Italy has a special place in my heart.](https://sms4smile.com/quotes/antoine-arnault/italy-has-a-special-place-in-my-heart/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [We have very strong roots in Italy and we are committed to deepen these roots even more.](https://sms4smile.com/quotes/antoine-arnault/we-have-very-strong-roots-in-italy-and-we-are-committed-to-deepen/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [Of course I have other passions... but my real investment obviously without a second thought is LVMH and what my father created.](https://sms4smile.com/quotes/antoine-arnault/of-course-i-have-other-passions-but-my-real-investment-obviously/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [Never forget your iPod and dvd player during long trips.](https://sms4smile.com/quotes/antoine-arnault/never-forget-your-ipod-and-dvd-player-during-long-trips/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [Going from zero to five kids in two and a half years is the most wonderful thing in the world.](https://sms4smile.com/quotes/antoine-arnault/going-from-zero-to-five-kids-in-two-and-a-half-years-is-the-most/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [If I see one of my sales assistants neglecting someone because he doesn't look like a good client, he's fired immediately.](https://sms4smile.com/quotes/antoine-arnault/if-i-see-one-of-my-sales-assistants-neglecting-someone-because-he/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [Growing up, I'd always visit boutiques with my father on the weekends.](https://sms4smile.com/quotes/antoine-arnault/growing-up-i-d-always-visit-boutiques-with-my-father-on-the-weekends/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [I am not often proud.](https://sms4smile.com/quotes/antoine-arnault/i-am-not-often-proud/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [I think buying shoes is intimidating for a guy. Sitting down taking your shoes off, for men, it's too much. But you should never…](https://sms4smile.com/quotes/antoine-arnault/i-think-buying-shoes-is-intimidating-for-a-guy-sitting-down-taking/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [It was clear from very early on that I would work in the family company. There was not really ever another option or idea.](https://sms4smile.com/quotes/antoine-arnault/it-was-clear-from-very-early-on-that-i-would-work-in-the-family/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) > [I'm a visual person, a conceptual person.](https://sms4smile.com/quotes/antoine-arnault/i-m-a-visual-person-a-conceptual-person/) [Antoine Arnault](https://sms4smile.com/quotes/author/antoine-arnault/) [Explore all 48 Antoine Arnault quotes ](https://sms4smile.com/quotes/author/antoine-arnault/) ## More Always quotes > [I think performing has pretty much always been a part of me.](https://sms4smile.com/quotes/isa-briones/i-think-performing-has-pretty-much-always-been-a-part-of-me/) [Isa Briones](https://sms4smile.com/quotes/author/isa-briones/) > [I always thought if I was born 2000 years earlier, I would be a monk, probably carving a monastery or some giant pantheon buildings.](https://sms4smile.com/quotes/jenova-chen/i-always-thought-if-i-was-born-2000-years-earlier-i-would-be-a-monk/) [Jenova Chen](https://sms4smile.com/quotes/author/jenova-chen/) > [I always like a character who makes me laugh.](https://sms4smile.com/quotes/rachael-stirling/i-always-like-a-character-who-makes-me-laugh/) [Rachael Stirling](https://sms4smile.com/quotes/author/rachael-stirling/) > [It's always great to see old friends, especially those I have not been able to see in 15 months.](https://sms4smile.com/quotes/william-regal/it-s-always-great-to-see-old-friends-especially-those-i-have-not-been/) [William Regal](https://sms4smile.com/quotes/author/william-regal/) > [When you step out and do a song in a musical, the easier thing to do is make it funny. But when those transitions…](https://sms4smile.com/quotes/kelli-o-hara/when-you-step-out-and-do-a-song-in-a-musical-the-easier-thing-to-do/) [Kelli O'Hara](https://sms4smile.com/quotes/author/kelli-o-hara/) > [I have really good lateral movement. I've always had quick lateral movement.](https://sms4smile.com/quotes/austin-rivers/i-have-really-good-lateral-movement-i-ve-always-had-quick-lateral/) [Austin Rivers](https://sms4smile.com/quotes/author/austin-rivers/) > [There is something magical about being able to feel somebody. And that is something that has always moved me with music.](https://sms4smile.com/quotes/maria-brink/there-is-something-magical-about-being-able-to-feel-somebody-and-that/) [Maria Brink](https://sms4smile.com/quotes/author/maria-brink/) > [Mythology is something that always has opportunities to explore. 'It' has been on Earth for millions of years. He's been in contact with humans…](https://sms4smile.com/quotes/andy-muschietti/mythology-is-something-that-always-has-opportunities-to-explore-it/) [Andy Muschietti](https://sms4smile.com/quotes/author/andy-muschietti/) > [It's not writing in the traditional sense, but I've always said that the writing process continues on the set and even into the editing…](https://sms4smile.com/quotes/robert-b-weide/it-s-not-writing-in-the-traditional-sense-but-i-ve-always-said-that/) [Robert B. Weide](https://sms4smile.com/quotes/author/robert-b-weide/) > [I always watch my matches back 100 times afterwards because that's how I improve. This is something I've always done, even in NXT.](https://sms4smile.com/quotes/mandy-rose/i-always-watch-my-matches-back-100-times-afterwards-because-that-s/) [Mandy Rose](https://sms4smile.com/quotes/author/mandy-rose/) > [I've always been of the idea that is doesn't really matter where you are geographically - with 'Lonerism,' we made half the album in…](https://sms4smile.com/quotes/kevin-parker/i-ve-always-been-of-the-idea-that-is-doesn-t-really-matter-where-you/) [Kevin Parker](https://sms4smile.com/quotes/author/kevin-parker/) > [It's very easy to fool yourself that you're working, you know, when you're really not working very hard. I mean, I'm very lazy. So…](https://sms4smile.com/quotes/robert-caro/it-s-very-easy-to-fool-yourself-that-you-re-working-you-know-when-you/) [Robert Caro](https://sms4smile.com/quotes/author/robert-caro/) > [Whether it was Little League or playing with your brothers or sisters, that was always a problem. If I would lose - because I…](https://sms4smile.com/quotes/cal-ripken-jr/whether-it-was-little-league-or-playing-with-your-brothers-or-sisters/) [Cal Ripken, Jr](https://sms4smile.com/quotes/author/cal-ripken-jr/) > [I always say if you put someone from a small town into a big city for ten years, then when they go back, they'll…](https://sms4smile.com/quotes/mike-colter/i-always-say-if-you-put-someone-from-a-small-town-into-a-big-city-for/) [Mike Colter](https://sms4smile.com/quotes/author/mike-colter/) > [Bayern is always a team that can win the Champions League title in Europe.](https://sms4smile.com/quotes/lothar-matthaus/bayern-is-always-a-team-that-can-win-the-champions-league-title-in/) [Lothar Matthaus](https://sms4smile.com/quotes/author/lothar-matthaus/) [Browse all 36,048 Always quotes ](https://sms4smile.com/quotes/about/always/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The luxury industry has always been a little bit counter-cyclical.", "creator": { "@type": "Person", "name": "Antoine Arnault" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/antoine-arnault/the-luxury-industry-has-always-been-a-little-bit-counter-cyclical/", "about": { "@type": "Thing", "name": "Always" }, "@id": "https://sms4smile.com/quotes/antoine-arnault/the-luxury-industry-has-always-been-a-little-bit-counter-cyclical/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg", "contentUrl": "https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg", "url": "https://sms4smile.com/quotes/i/055/antoine-arnault-14011_always_the-luxury-industry-has-always-been-a-li_1372759.jpg", "width": 1080, "height": 1080, "caption": "“The luxury industry has always been a little bit counter-cyclical.” — Antoine Arnault", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Antoine Arnault", "item": "https://sms4smile.com/quotes/author/antoine-arnault/" }, { "@type": "ListItem", "position": 4, "name": "The luxury industry has always been...", "item": "https://sms4smile.com/quotes/antoine-arnault/the-luxury-industry-has-always-been-a-little-bit-counter-cyclical/" } ], "@id": "https://sms4smile.com/quotes/antoine-arnault/the-luxury-industry-has-always-been-a-little-bit-counter-cyclical/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```