<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RBguYnVVl5fmAxjW2p0fNkw">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RQbVKPVl5dj5nW6aXoNxx4"/>
  <rdfs:label>Luxury Market Segment</rdfs:label>
  <skos:altLabel>High-end Market</skos:altLabel>
  <skos:altLabel>Luxury</skos:altLabel>
  <skos:altLabel>Premium Market Segment</skos:altLabel>
  <skos:prefLabel>Premium Market</skos:prefLabel>
  <skos:definition>The luxury segment refers to a specific portion of the market that is characterized by consumers who seek high-end, premium products and services. This segment is associated with luxury goods that offer exclusivity, superior quality, and a high level of craftsmanship, catering to consumers who are willing to pay a premium for these attributes.</skos:definition>
  <skos:example>Gourmet Foods</skos:example>
  <skos:example>Private Jet Services</skos:example>
  <skos:example>Yacht Manufacturer</skos:example>
</owl:Class>