Continued Tag

MILAN – The worldwide appetite for luxury goods continues to be healthy. Bain & Company’s Luxury Goods Worldwide Market Study – Spring 2023, presented on Friday with Altagamma in Milan, shows the non-public luxury goods market is projected to grow between 5 and 12 percent in 2023, or between 360 billion and 380 billion euros,  following a record 12 months in 2022, despite geopolitical tensions and macroeconomic uncertainty. Last 12 months the sector reached a market value of 345 million euros, and by 2030 it's more likely to reach between 530 billion and 570 billion euros. That is around 2.5 times its size in 2020. The primary quarter of 2023 continued to indicate good momentum, leading to growth of between 9...