Four factors explain the 2024 luxury downturn and they bode for deeper structural change rather than a mere cyclical ...

Many of Europe's biggest luxury goods makers have had a torrid year as consumers kept purse strings tight despite inflation ...

Revenue in the Luxury Goods market amounts to US$10.02bn in 2024. The market is expected to grow annually by 4.02% (CAGR 2024-2029). The market's largest segment is the segment Luxury Fashion with ...

The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid ...

President Prabowo Subianto on Tuesday announced that the increase in the value added tax (VAT) from 11 percent to 12 percent ...

Global sales of luxury personal goods like clothing, accessories and beauty products, are expected to be flat at constant exchange rates during the holiday season, according to consulting firm Bain.

For example, the exponential trend smoothing is well suited for forecasting the Luxury Goods market with a projected steady growth. The main drivers are GDP per capita and consumer spending per ...

The United States, European Union and Britain have explicitly banned the export of "luxury goods" to Russia as part of their sanctions packages. Several brands and groups also voluntarily quit the ...