The approach to luxury is changing // What are the trends in the market for luxury brands?

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The global luxury goods market grew by 8-10% in 2023, preliminary results were published by Bain and Company. Analysts emphasize that sales of luxury goods have been growing throughout the year, despite macroeconomic problems in China and the United States. In 2024, according to forecasts, the situation will change. Fortune writes that revenue growth for the LVMH holding, which owns the Dior and Louis Vuitton brands, slowed in the third quarter relative to 2022 levels, and Rolex and Patek Philippe products fell in price on the secondary market.

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The approach to luxury is changing // What are the trends in the market for luxury brands?

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