Is Creed a luxury Cologne?

I'm curious to know, could you please clarify if Creed is indeed considered a luxury Cologne? It's a brand that I've heard of, but I'm not entirely sure about its positioning in the market. From what I understand, luxury products are often associated with exclusivity, premium quality, and a high price tag. Does Creed fit this description, or is it perhaps more of a mid-range or affordable option? I'd appreciate your insights on this matter.