Luxury Market Faces Challenges Amid Economic Uncertainty, Shifts TowardExperiences
News Source : WWD
News Summary
- Luxury spending is expected to remain stable in 2025 at 1.44 trillion euros at constant exchange rates.
- Sales of the personal luxury goods are expected to decrease 2 percent to 358 million euros in 2025.
- Jewelry is seen as a winner, with an expected expansion this year of 4 to 6 percent.
- Eyewear is also continuing to perform with growth of 2 to 4 percent, boosted by design, digital integration, and digital integration with beauty products, says Bain & Company's Federica Levato.
MILAN The luxury market is still resilient but not immune to the headwinds from economic and geopolitical uncertainties, according to Bain & Company and Altagamma. Global luxury spending is e [+9736 chars]
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