Bain & Company-Altagamma’s Luxury Goods Worldwide Market Study
What: Bain & Company introduced their Luxury Goods Worldwide Market Study in collaboration with Fondazione Altagamma.
Why it is important: The global luxury market has fully recovered from the COVID-19 crisis, having grown between 8-10% over 2019. With a +15% growth vs 2021 (at a constant exchange rate), luxury goods proved to be resilient and strong against macroeconomic indicators and global uncertainty. The outlook for 2023 is more cautious and anticipates slower growth, between 3 and 8% vs 2022.
Bain & Company 2022 luxury study
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