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Luxury news in Europe
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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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