Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fas…
After years of struggling to reignite sales, the luxury industry is projected to slowly pull out of its prolonged slump in 2026. Overall growth will likely remain muted, expanding at an annual rate of 4 to 6 percent through 2030, a slower pace than the high single-digit increases of previous periods.
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