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

Claudia D'Arpizio

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.

Staff Writer

Luxury Markets / Bain Report

16 November 2022

4 minutes

Despite present and continuing economic challenges, the luxury market continued to perform strongly throughout this year to date, with winners for brands across the board, and positive growth for some 95% of brands.

Buoyed by Gen Y and Z Spending, Luxury Sector Defies Economic Uncertainties and Market Conditions

The global luxury goods market remains poised to see further expansion next year, and for the rest of the decade to 2030, even in the face of present economic turbulence, according to a Bain & Company luxury study.

Staff Writer

Consumer Watch / Sustainability Trends

22 October 2022

3 minutes

The report, How Brands Can Embrace the Sustainable Fashion Opportunity, which examines consumer behaviours related to sustainability and fashion, shows that of the nearly 5,900 fashion consumers across six countries (China, France, Germany, Italy, Japan, the United Kingdom, the United States) that Bain surveyed, approximately 65% said they care about the environment, but only some regularly prioritise sustainability in their shopping.

As Shopping Move Towards Sustainable Practices, Research Finds Five Types of Fashion Consumers

Shopping and purchasing trends among global fashion consumers are set to move sharply towards favouring more sustainable practices in the coming years, creating important new opportunities as well as challenges for fashion brands. New research by Bain & Company and the WWF Italy also finds there are five types of global fashion consumers who will be determining the course of things.