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Luxurious brand companies impact to the world

Luxurious Brand companies is a talk of in the world, social media, and among the elites. Different luxurious companies with their product which are expensive and of quality have been seen use by peoples. My question is have this luxurious company impact to the world positively or negatively Among the youth luxurious brand is a pheromones to their lifestyle that they show of on social media among their pairs. There is a saying if it is not Gucci, Versace, Louis Vuitton  and so many brand you don't belong to the elites. So what is your opinion on luxurious brand?