It ain't fashion, if it ain't sustainable

Altagamma

PRESS RELEASE / Announcement

18 November 2024

4 minutes

The luxury market is expected to face a slightly improving context throughout 2025, though this is highly dependent on the unfolding macroeconomic scenarios in key regions.

Global Luxury Spending to Land Near €1.5 trillion in 2024, Remaining Relatively Flat

MILAN, Italy: Global luxury spending is expected to reach nearly €1.5 trillion in 2024, remaining relatively flat compared to 2023, with an estimated growth rate between -1 and 1% year over year. This is according to the latest luxury report from Bain & Company, in partnership with Altagamma, the Italian luxury goods manufacturers' industry...

Luxury Markets / 2023 Growth

15 November 2023

3 minutes

Europe has enjoyed a progressive pickup in tourism, driving growth across countries, with long-haul resort locations attracting high spenders alongside key luxury cities. Even if local aspirational customers were impacted by macroeconomic instability, stable top-customer pools maintained positive momentum contributing to market growth.

Global Luxury Market Reaches €1.5 trillion in 2023; Clocks 10% Annual Growth

The global luxury market, consistent with last year's growth rate, continues its high registering a robust growth of 11–13% at constant exchange rates and a projected 8–10% surge over 2022.

Staff Writer

Luxury Markets / Bain Study

24 June 2023

5 minutes

Luxury brands over the next three years will see a pressing focus on value chain decarbonisation, requiring them to decouple expected business growth from the absolute growth of emissions.

Global Luxury Sees Record Growth in 2022; Market to Double by 2030

Global geopolitical tensions and macroeconomic uncertainty notwithstanding, the business of personal luxury goods is on a growth trajectory but with increasing pressure to go sustainable.