The personal luxury goods market posted a record year in 2022, reaching a market value of €345 billion, despite geopolitical tensions and macroeconomic uncertainty. This momentum persisted into the first quarter of 2023, achieving 9-11% growth over 2022. However, nuances across countries remain. These are among the findings of management consultant Bain & Company’s Luxury Goods Worldwide Market Study – Spring 2023, presented with Altagamma, the Italian luxury goods manufacturers’ industry association. The study attributes...
