The Shifting Constellations: A Summer 2025 Overview of Global Luxury Markets The summer months of June, July, and early August 2025 saw the global luxury market navigate a nuanced landscape, moving away from the exuberant post-pandemic surge towards a more discerning, resilient, and ethically conscious era. While growth has moderated in some traditional strongholds, other … Read more
“Wanda’s acquisition of Sunseeker is strategic.” Although the private yachting market is in its early stages in China, this industry is growing rapidly. China’s consumption has been growing, with an exceptionally strong appetite in the luxury market. In 2012 China surpassed Japan as the world’s largest luxury market and by 2015 McKinsey & Co. predicts … Read more
Indonesia to be largest luxury market in SE Asia: LVMH Indonesia will become the largest luxury market in southeast Asia over the next few years, Ravi Thakran, LVMH`s head for South Asia, South East Asia and Middle East told CNBC. According to Thakran, Indonesian consumers currently buy their luxury goods mostly from Hong Kong and … Read more