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Luxury: The outlook for the sector remains encouraging according to Bain & Company

Luxury: The outlook for the sector remains encouraging according to Bain & Company

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Luxury goods sales are expected to grow by at least 5%, according to the consultancy, thanks to increasing demand.

 

Despite the war in Ukraine and the instability of the markets, most notably in the United States, which is trying to curb inflation, demand for luxury goods is not weakening. “Consumption does not seem to be penalized for the moment,” notes Claudia d’Arpizio, analyst and partner at Bain & Company, in an interview with Reuters.

 

According to the consulting firm, sales of luxury goods should reach 305 billion euros this year if we take the lowest assumption and could exceed 330 billion euros, at best.

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