Last month the Financial Times brought together leading thinkers from across the luxury sector – including our Co-Founder and CEO Diana Verde Nieto – for the Business of Luxury Summit. The economist, writer, and friend of Positive Luxury Professor Tim Jackson attended the summit and reports back on the five key points brands need to be thinking about today. Overview Full-year 2020 data reveals an optimistic picture for the global luxury sector according to Sarah Willersdorf, Partner and Managing Director, Global Head of Luxury at BCG. She said: ‘When we look ahead, we expect a full recovery to pre-Covid 2019 levels to take place somewhere between 2021 and 2022.’ BCG state that in 2019 the Personal Luxury Goods market was valued at Euro 350bn and they estimate it to be somewhere between Euro 330-350bn for 2021. By 2025 it is expected to have grown to a value between Euro 410-430bn. We believe that China will continue to lead luxury growth through the next decade Sarah Willersdorf, Partner and Managing Director, Global Head of Luxury at BCG Growth is expected to vary regionally as countries recover at different speeds. For 2022, Willersdorf predicts the overall global luxury market to be ‘up between 5% and 15% compared with 2019’s value.’ However, performance...