MILAN — Little question, the pandemic era was a time to focus on one’s living and private working space. This renewed sense of pride in the house and office fueled substantial growth and consolidation for the design sector’s players across the globe last 12 months, a trend that is anticipated to persist throughout 2023.
“We see potential for a 5 to 7 percent CAGR (compound annual growth rate) as a stable range of growth in the long run,” Claudia D’Arpizio, a Bain & Co. partner and Global Consumer Products and Retail lead told WWD. “Within the short term, we see headwinds emerging within the U.S. and Nordic countries, mostly linked with rising mortgage rates slowing down real estate. At the identical time,...
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