Luxury will regain gloss by 2022 or 2023
Whilst many leaders of the luxury goods industry (LVMH, Chanel, Kering, Luxxotica, …) follow a positive trajectory, the COVID-19 crisis put an end to more than a decade of sustained growth. Accessories and watchmaking were most seriously affected. The market (including personal consumer goods such as perfume as well as cars and cruises) could shrink by 20% over the whole of 2020, to between €180 billion and €220 billion.
Sorry, this content is locked. To read to full story, subscribe or sign in.
Already a subscriber ?
Please sign in
Not a subscriber yet ?
Subscribe
Select your offer and create your account to have an unlimited access to Global Retail News