Luxury market news and archive

Global luxury “stays resilient” despite economic uncertainties and consumer shifts

Global luxury markets proved resilient into 2025, as consumers worldwide spending reached 1.44 trillion euros, to stand broadly flat compared with last year, with the luxury sector expected to improve in 2026, according to management consulting firm Bain & Company, in partnership with Altagamma, the Italian luxury goods manufacturers’ industry...

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Fashion |Opinion

Kering faces crossroads as Gucci’s identity crisis deepens

Following a disappointing quarter, Kering is under increasing pressure as its crown jewel, Gucci, struggles through a challenging transition. Industry analysts warn that the global luxury sector is entering a period of stagnation, and Gucci, once Kering’s fastest-growing brand, appears especially vulnerable. Gucci’s 25 percent drop in Q1 sales...

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Business

The great luxury reset: challenges and opportunities for luxury brands

The Independents Group, a collective of communications agencies, together with brand building agency Karla Otto has published a white paper that looks at the shifting drivers behind the luxury market. While historically, luxury items have served as markers of status and shaping consumers' identity, today consumers are seeking out brands that...

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Business

Luxury market set for record year in 2017: study

After a year of stagnation the luxury market has returned to growth and will likely set a new record of 1.2 trillion euros (1.4 trillion dollars) in 2017, said a study released Wednesday by consulting firm Bain and Company. The five percent growth in the overall market is likely to be matched in the personal luxury goods segment, which includes...