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Tariffs, war, and inequality have battered the luxury goods market—Gucci sales are down 24%By Press Room19 June 2025 MILAN (AP) — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain &…
50 million people have stopped buying luxury brands like Dior and Burberry after ‘broken promises’ to customersBy Press Room17 November 2024 Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down…
Gen Z sneaker brand with $740 ‘dirty’ shoes counts Taylor Swift as a fan—and is eyeing a $3.3 billion valuationBy Press Room28 May 2024 Europe’s stock market nest of growing companies may be awaiting a new hatchling. Luxury sneaker brand Golden Goose is preparing…
Gucci-owner Kering is buying up prime property in New York worth nearly $1 billion as luxury slowdown presses onBy Press Room23 January 2024 The luxury industry’s rocky road the last few months has prompted questions about the end of the “roaring 20s”—the period…