By Amber Murray The post-pandemic luxury market was unstoppable. Record profits driven by China’s reopening and the revenge-on-lockdown ‘urge to splurge’ sent profits at all the major luxury brands to unbelievable highs. Briefly, it looked as though the upswing was going to stick, with pundits – and papers – asking if it would ever end. Now, results season has put a string of high-profile downturns in the news: profits at Burberry, Gucci and LVMH have all struggled to reach anything like their 2022 and 2023 highs. What’s more, brands have started to roll out 50 per cent discounts on goods, in …