Global luxury market projected to reach €1.5 trillion in 2023, a new record for the sector, as consumers seek luxury experiences. The global luxury market is projected to reach €1.5 trillion in 2023, an 8-10% growth over 2022, setting a new record for the industry and proving its unparalleled resilience. These are among the findings … Read more
Global luxury goods market accelerated after record 2022 and is set for further growth, despite slowing momentum on economic warning signs. The luxury goods market has experienced significant growth and is poised for further expansion, according to the latest report from Bain & Company, a leading global management consulting firm. The report, titled “Luxury Goods … Read more
“The nouvelle vague – the new wave – of the luxury goods market will demand evolution amid disruption, adaptation amid uncertainty, and an expansion of creativity in all of the basics – all while new trends and concepts develop”, said Claudia D’Arpizio, a Bain & Company partner and leader of Bain’s Global Luxury Goods and … Read more
How investors are creating value by helping forests, wetlands, and grasslands flourish. Natural climate solutions (NCS) include forests, grasslands, and wetlands that can either sequester carbon or, through preservation, prevent its release. NCS also represent a new source of potential growth for investors, say Bain & Company experts. Natural climate solutions (NCS) will play an … Read more
Global Personal Luxury Goods Market On Track For Recovery. Two possible scenarios for the luxury industry rebound in 2021. Following a turbulent year, the luxury market has started its path towards recovery. The luxury industry returned to growth in the first quarter of 2021, growing by 0-1% versus 2019, which is viewed by the … Read more
Diamond industry suffered during the Covid-19 crisis but fared better than the personal luxury market overall. Report Diamond industry poised for rebound in 2021. Lockdowns, travel restrictions and economic uncertainty pushed diamond jewelry sales down by 15 percent in 2020 with most of the decline happening in the first and second quarters. But … Read more