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The Latest Breaking News from Claudia DArpizio

Wealthy people are going to keep getting richer, say analysts, but a rise in 'luxury shame' will mean they'll try to hide it

In the financial crisis American consumers stopped showing their wealth off because they were “ashamed,” one expert tells Fortune, and this may come around again.

Luxury’s $1.7 trillion headache: The sector lost 50 million customers last year and is struggling with selfie-happy Gen Z

Luxury’s $1.7 trillion headache: The sector lost 50 million customers last year and is struggling with selfie-happy Gen Z

Bain & Co's latest luxury sector report found growth slowed particularly in the personal goods sector last year—the first time in 15 years with the exception of the pandemic.

Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

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

The Independent UK

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Luxury Goods Market Faces Decline As 50 Million Customers Disappear

Global sales of personal luxury goods are forecast to shrink for the first time since the Great Recession and potential tariffs could impact the market.

International Business Times

A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse

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

The Independent UK

Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes

The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers

The Independent UK

LVMH and Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers' wallets

“What we’ve observed in 2023 is a rebalancing of customer appetite," Bain expert says of the luxury industry.

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Gen Z and millennials have found a lucrative new hobby thanks to skyrocketing luxury prices: Flipping designer handbags

Gen Z and millennials have found a lucrative new hobby thanks to skyrocketing luxury prices: Flipping designer handbags

A perfect storm of scarcity, inflation, and pandemic savings have pumped up the prices of super-luxe bags. Young shoppers are diving into the market.

Global luxury sales set to hit record this year, study says

Global luxury sales set to hit record this year, study says

Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends

The Independent UK

Lex in depth: why the luxury market needs to hedge against China

Lex in depth: why the luxury market needs to hedge against China

A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

Financial Times

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