Luxury Really Isn't as Bad as the Market Says
The luxury industry faces another lost year, according to a new report from Bain & Co. and Altagamma, the Italian luxury association. But investors are being too gloomy on top-end goods. For those prepared to take a long-term view, there may be ways to benefit from the bling bloodbath.
Sales of personal luxury goods are expected to have fallen between 2% and 4%, excluding currency movements, in the first quarter of 2025, according to Bain. This was before the turmoil in global bond and equity markets unleashed by Donald Trump's tariff onslaught. The second quarter may be even more painful.
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