A luxury company is a business that designs, produces, markets, and sells high-end, premium products or services that are often seen as status symbols or are associated with a lavish lifestyle. Examples of luxury goods include designer apparel, handbags, watches, jewelry, high-performance automobiles, yachts, and exclusive travel or hospitality experiences. Brands like Louis Vuitton, Prada, Moncler, and Ferrari are examples of entities associated with the luxury market. The appeal of luxury products often lies in their brand heritage, craftsmanship, and the aspirational value they offer. Consumers are often willing to pay a premium for luxury goods not just for their intrinsic quality, but also for the prestige and differentiation they provide.