Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 ...

The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid ...

Sellier's Belgravia shop was broken into with thieves stealing over £500,000 worth of designer goods, including highly ...

This peaked in the wake of the COVID-19 pandemic as ultra-high-net-worth and aspirational consumers amassed excess cash to spend on luxury goods. But the golden days of luxury shopping in China ...

Revenue in the Luxury Fashion market amounts to US$34.96bn in 2024. The market is expected to grow annually by 2.98% (CAGR 2024-2029). In global comparison, most revenue is generated in the United ...

And with inflation going down and prices that average people pay for everyday quality goods and services on a (modest) decline, what difference does a potential luxury goods recession make for the ...

The luxury goods sector is experiencing a champagne hangover. After years of insane growth in China, notably in 2022 and 2023, manufacturers of handbags, scarves and perfumes faced a drop in sales ...

In the luxury goods market, business owners face a critical challenge: balancing the allure of convenience with the enduring value of quality craftsmanship. As leaders in this sector, we have the ...

SHANGHAI >> China’s second-hand and gray markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy ...