luxury goods market

The Luxury Industry is Experiencing A New Phase After Its Post-Pandemic Growth. However, Nuances Across Countries Remain

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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

Sustainable titanium is entering the fast-growing luxury goods market

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Panerai to produce top of the line luxury goods with sustainable titanium. Italian luxury watch manufacturer Officine Panerai, and its parent company Richemont, the Switzerland-based luxury goods holding group, have been leaders in the application of titanium metal alloys in luxury watches, and they are again leading the market to build a low carbon, circular … Read more

The luxury industry has come roaring back, experiencing a V-shaped recovery this year. Report

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After a sharp contraction in 2020, the personal luxury goods market grew by 29% at current exchange rates to hit EUR 283 billion, increasing the size of the market by 1% versus 2019 levels. For the future, Bain & Company estimates that the personal luxury goods market could reach EUR 360-380 billion by 2025 with … Read more

If current market dynamics persist, luxury could return to 2019 levels as of this year. Report

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  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

A year of shock and change for luxury industry but with a recovery in sight. Report

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    2020 luxury industry drop is the largest recorded since global consultancy have been tracking the industry. Covid-19 Crisis Pushes Luxury To Sharpest Fall Ever But Catalyses Industry’s Ability To Transform. Bain & Company Luxury Study. It has been a year of profound global change in the way we live, the way we shop … Read more

The Top Trends in The Luxury Goods Market in 2020

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  2020 has been a difficult year for many industries, but the luxury goods industry was among the hardest hit by market volatility and changes in customer behavior. As a well-established industry, players in the luxury goods market are not always the quickest to adapt either. Nevertheless, there are trends forming in the luxury goods … Read more