MILAN — Despite all of the uncertainties, the worldwide luxury goods industry continues to grow and is predicted to further expand in 2023 and until 2030.
In accordance with the newest Bain & Company Luxury Study in collaboration with Fondazione Altagamma, presented in Milan today, the worldwide luxury goods industry overall is projected to realize a market value of around 1.4 trillion euros in sales in 2022, up 21 percent from the previous 12 months.
Specifically, the non-public luxury goods industry is poised to see revenues climb 22 percent to 353 billion euros in 2022 in comparison with 2021.
The performance of the last quarter of this 12 months will largely rely on the progressive lifting of COVID-19 restrictions in China, and the...
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