With the New Year fast approaching, banks and consultancies are already beginning to assess future market trends. What can we expect for the luxury goods sector in 2025 ?
It’s time to close out 2024, a year marked by a slowdown in luxury goods consumption, particularly in China. Economic uncertainty, the geopolitical situation and rising prices have all played a part in this year’s low level of investor confidence.
Contrasting forecasts
Royal Bank of Canada (RBC) forecasts organic sales and EBIT growth of 5-6% for the luxury goods sector in fiscal 2025, with a weaker first half (+2-3% organic) and a more favorable second half (+6% organic).
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Read also > [Stock market update] Luxury goods stocks benefit the CAC 40
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