Luxury industry comes to terms with Gen Z’s appetite for collaborations, resale
In the News
The global luxury market was worth €920 billion in 2018, a sum combining the €590 billion spent on experiential luxury, up 5% over 2017, and the €330 billion spent on luxury consumer goods (up 3%). In 2025, the market is expected to be worth €1.256 trillion, growing at an average annual rate of 4.6%.
Written by - Katie Stalker