{"id":190962,"date":"2026-03-03T17:22:41","date_gmt":"2026-03-03T16:22:41","guid":{"rendered":"https:\/\/luxus-plus.com\/?p=190962"},"modified":"2026-03-03T17:22:41","modified_gmt":"2026-03-03T16:22:41","slug":"war-in-iran-luxury-goods-market-in-the-middle-east-under-pressure","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/war-in-iran-luxury-goods-market-in-the-middle-east-under-pressure\/","title":{"rendered":"War in Iran: Luxury goods market in the Middle East under pressure <img class=paid src=\/paid.png>"},"content":{"rendered":"<h4>Kering and the Chalhoub Group, a long-standing local distributor of prestigious brands in the Middle East, have already announced measures to restrict their activities in the region. But other players in the luxury sector are also likely to suffer from the conflict initiated by Israel, the United States, and Iran, which is now engulfing several of their neighbors.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><b>The luxury sector could have done without the current conflict in the Middle East<\/b>&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>As the conflict escalates and engulfs the entire region, many players in the sector are seeing their previously optimistic projections for 2026 fade in the short and medium term.<\/p>\n<p>&nbsp;<\/p>\n<h2>A buoyant market in 2025<\/h2>\n<p>As a reminder, according to <b>Bain &amp; Company<\/b>, the region was ranked as <b>one of the most promising markets for luxury goods in 2025<\/b>, with <b>spending growth of 4% to 6%<\/b>, driven by both <b>strong local demand and rising tourism<\/b>, particularly in Dubai and Abu Dhabi. The region, and particularly the United Arab Emirates and Saudi Arabia, attracted a record number of new millionaires in 2025, supporting demand for luxury goods, especially beauty products, watches, jewelry, and fashion accessories.<\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">\t\t<section data-elementor-type=\"section\" data-elementor-id=\"113401\" class=\"elementor elementor-113401 elementor-101048\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div class=\"elementor-element elementor-element-6ff873b e-flex e-con-boxed e-con e-parent\" data-id=\"6ff873b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c7d49f1 e-con-full e-flex e-con e-child\" data-id=\"c7d49f1\" data-element_type=\"container\" 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class=\"elementor-element elementor-element-470d562 elementor-widget__width-auto elementor-widget elementor-widget-text-editor\" data-id=\"470d562\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Become an active member of the community of luxury leaders.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cccfb5 elementor-widget elementor-widget-image\" data-id=\"7cccfb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1280\" height=\"680\" src=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier.webp\" class=\"attachment-full size-full wp-image-137641\" alt=\"\" srcset=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier.webp 1280w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-300x159.webp 300w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-1024x544.webp 1024w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-768x408.webp 768w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-480x255.webp 480w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-750x398.webp 750w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/iran-what-are-the-consequences-for-the-global-economy\/\">War in Iran: what are the consequences for the global economy?<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo: \u00a9 Hamad International Airport<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kering and the Chalhoub Group, a long-standing local distributor of prestigious brands in the Middle East, have already announced measures to restrict their activities in the region. But other players in the luxury sector are also likely to suffer from the conflict initiated by Israel, the United States, and Iran, which is now engulfing several of their neighbors.<\/p>\n","protected":false},"author":457,"featured_media":190961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Kering and the Chalhoub Group have announced restrictions on their activities and store closures in the Middle East, the scene of a conflict that is escalating.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[1964,24],"tags":[23653,24439,22394,23000,23007,25111,23008],"class_list":["post-190962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brand-strategy","category-business","tag-abonnes-en","tag-chalhoub-group-en","tag-focus-en","tag-kering-en","tag-khol-en","tag-moyen-orient-en","tag-retail-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/190962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/457"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=190962"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/190962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/190961"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=190962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=190962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=190962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}