From dinosaur bones to private jets, vintage couture to curated high streets — Knight Frank’s landmark 20th Wealth Report takes a long, unflinching look at what truly wealthy people want right now. Spoiler: it’s not what you think. There’s a question that luxury brands, property developers, auction houses, and yacht builders have all been quietly … Read more
China’s personal luxury market spent 2025 in a state of “recalibration,” which is essentially corporate-speak for everyone collectively deciding to stop panic-buying handbags and start asking if that fifth leather tote is actually worth the price of a small car. According to the latest deep dive from Bain & Company, the market contracted by about … Read more
20 luxury industry news stories from Fall 2024: When the Rich Tighten Their Belts, It’s Designer Leather. The luxury goods sector faced a challenging Fall 2024, marked by a 2% decline in global sales—one of the weakest performances on record—driven by price increases and economic uncertainties that reduced the customer base. Despite this downturn, certain … Read more
Mastercard SpendingPulse: U.S. Retail Sales in June Reflect Rising Prices for Essentials, Continued Leisure Spending. According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending excluding automotive increased +9.5% year-over-year (YOY) in June, while retail sales excluding auto and gas rose +6.1% YOY. Rising prices—particularly … Read more
Have you ever wondered what the biggest luxury items are in the United States and how people are paying for them? You see people with expensive items all the time but nobody ever really asks how they are paying for them. It might be through investments—the stock market and Forex trading. They might have … Read more
The beauty, fine wines and spirits, and fine food segments all grew, reflecting a redirection of luxury spending away from goods and toward personal pampering and experiences. Last 12 months, the luxury consumption shifted away from goods and toward experiences such as travel and gastronomy, which grew faster than luxury goods by at least 5 … Read more