Now, the city questions its future. Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study ...

The U.S. jewelry market grew 5% in 2024 to $85.4 billion, but affluent consumers are pulling back on planned jewelry ...

There is an exception, though: the world of luxury goods. Luxury multi-brand portfolios share features with industrial ... Unlike multi-brands in home and personal care, luxury maisons tend ...

As the industry experiences a downcycle, strong branding amplifies pricing power and supports fuel for long-term growth. The luxury industry is a competitive niche in the consumer cyclical space ...

According to Bain, the country's personal luxury goods market increased from 29 billion euros ($31.4 billion) in 2023 — a 27% increase from the year before at constant exchange rates.

Bain & Company reported a global market value of €1.5trn, with personal luxury goods reaching €362bn – a four percent increase at current exchange rates and eight percent at constant rates. Notably, ...

An increasingly maturing retail sector, global and regional macro-economic factors, combined with dampened consumer confidence is translating into a market that is growing much slower than before. The ...

MILAN (AP) — Global sales of personal ... luxury market, following Europe, worth about 100 billion euros ($106 billion), or nearly one-third of all global high-end sales of apparel, leather ...