The Latest Breaking News from Bain

LinkedIn COO Dan Shapero told Fortune in Cannes: “Navigating the transition to an AI economy is probably going to be the issue of the next decade."

Global sales of personal luxury goods are projected to slide by 2% to 5% this year

The luxury bubble bursts with a 2% market drop in 2024 as middle-class shoppers abandon high-end purchases amid economic woes.

Japan's Seven & I, the parent company of the Japanese 7-Eleven convenience store chain, says it is selling its supermarket store assets to Bain Capital for about $5.4 billion

Also: Trump wants rate cuts but inflation is up, Robinhood’s blockbuster earnings.

The share of companies that are moving operations out of China jumped to 69% in 2024 from 55% in 2022, a Bain survey said.

“A fabulous ice cream sundae is boring by the time you have it the fifth time,” a retail analyst told Fortune.

Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic

Bain expects data centers to make up 44% of all electricity demand growth through 2028, as companies rush to develop the next generation of AI. NextEra Energy CEO John Ketchum says that he expects an almost 40% rise in U.S. power demand over the next two decades, compared with just…