Luxury news in Europe

An overview of news, trends and research in the Luxury industry in Europe:

With margins under pressure, consumer goods companies focus on driving down costs Consumer goods and luxury companies are facing intense pressure to deliver margins, cash, and resilience simultaneously.
19 June 2026
With profits on the slide, cost management becomes a priority for luxury companies The recent economic slowdown is weighing on the growth prospects and profitability of the world’s largest luxury companies.
03 June 2026
Luxury watch market to shift from great premiumization to recalibration The watch market has seen an unprecedented level of premiumization over the past two decades: Swiss watch manufacturers halved their output of products since 2000, while export revenue has risen from
12 May 2026
Global luxury sector braces for downturn as demand weakens The ongoing uncertainty in the global economy, combined with the effects of Trump-era tariffs, is proving challenging for luxury brands like Louis Vuitton, Hermès, and Gucci.
03 July 2025
Groenewout helps My Jewellery with end-to-end launch of new distribution center Dutch fashion and jewelry brand My Jewellery has grown strongly in recent years, and to meet that demand the company opened a new, 10,000 m2 distribution center in Den Bosch in 2023.
24 December 2024
Global luxury goods industry could grow by 12% this year The luxury goods market – think watches, jewelry, and high fashion brands – is growing at a remarkable rate, with the global market expected to reach up to €570 billion by 2030, which is double its w
18 August 2023
Global luxury goods market comes roaring back to hit new record Following a sharp contraction during the first year of the corona crisis, the global personal luxury goods industry has come roaring back in 2021 and expected to hit €283 billion by year end, accordi
12 November 2021
4 ways how AI can boost the top line of fashion and luxury brands A growing number of fashion and luxury brands are leveraging smart technology and the rich customer data they have at their disposal to make better strategic decisions in the commercial domain.
01 September 2021
EFESO Consulting helps Thélios with improving its value chain Paris-based management consultancy EFESO has helped luxury eyewear produced Thélios cut its production lead times and ‘work-in-progress’ volumes by over 35% – through a lean approach.
08 July 2021
Driving sustainable consumption in Poland’s fashion and luxury sector In Poland, growing environmental consciousness among consumers is not translating into more sustainable fashion choices.
07 May 2021
Four strategic imperatives for luxury fashion retailers For luxury fashion brands, Covid-19 was a wake-up call to fundamental inefficiencies in their business model.
09 March 2021
Global luxury goods market rewinds six years amid corona pandemic Bain & Company and Fondazione Altagamma have released the 2020 edition of their annual ‘Worldwide Luxury Goods Monitor’.
19 November 2020
Accenture helps Milan Fashion Week go digital amid corona Accenture has collaborated with Microsoft to facilitate the first ever Milan Digital Fashion Week, organised by Camera Nazionale Della Moda Italiana (CNMI).
17 July 2020
Bain: Personal luxury goods market will need years to recover The global personal luxury goods market will need years to recover from a Covid-19 induced downturn.
12 May 2020
Spending on personal luxury goods to top €270 billion this year The global personal luxury goods sector will grow by up to 6% this year, lifting the industry to a market value of around €276 billion, according to a new analysis by Bain & Company in collaboration
24 June 2019
How BearingPoint helps luxury retailers prepare for the digital era Luxury retailers are facing unprecedented change. BearingPoint, a consulting firm with around 4,500 employees across mainly Europe, supports luxury brands to navigate through changes hitting their sector.
11 December 2018
Croatia has 12,000 millionaires and 120 super rich millionaires Croatia’s number of very wealthy individuals - with assets above $30 million - is double the European average in relation to the rest of the population.
01 May 2018
Premium products driving growth in $420 billion luxury fashion market The global market for fashion luxury products will see strong growth in the coming years, according to a study by EY-Parthenon.
16 April 2018

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