Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

According to a new report published by Brand Finance, the world’s top 50 luxury and premium brands have lost a collective $7.6 billion in value in the past year amid Covid-19’s economic ...

According to McKinsey, 50% of luxury goods buying decisions are influenced by what consumers hear or see online. And, top luxury brands such as Burberry, Rolls-Royce, and Johnnie Walker are all ...

Although luxury brands and social responsibility seem fundamentally inconsistent with each other, ... Notably, 85% of the top 50 global luxury brands -- Prada, Tiffany and Rolex, ...

Hyatt Hotels Corporation expects to open over 50 luxury and lifestyle hotels by 2026, in an announcement made at the ILTM Cannes luxury travel expo this week. Seventy percent of the hotel giant’s ...

Generation Z is storming into the market. Already responsible for 15–20 percent of sales of luxury brands in the western world, it will account for 40–50 percent of luxury revenues by 2030. Given that ...

Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

According to Bain & Company’s latest Annual Luxury Report, approximately 50 million luxury consumers have ceased buying iconic luxury brands like Dior, Burberry, and others, marking the first ...