global luxury sales

Luxury items operate as crypto assets for the analogue world in times of war

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Gold, luxury watches and jewelry serve as a store of value and a hedge against inflation. As global market reacted to Russian Invasion of Ukraine, the luxury brands were the last to announce the exit. Russian buyers invested in hard luxury, such as watches and jewellery. As al-jazeera wrote, at the beginning of the invasion … Read more

Top market-defining factors for luxury in the next three to five years

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Factors to watch in the mix of consumers and luxury products   Bain & Company, one of the leading advisor to the global luxury goods industry expects an average of seven to nine percent annual increases in global sales to fuel luxury brands’ growth aspirations until the middle of the decade. “Brands must develop strategies … Read more