Part 1/9:
The Shifting Landscape of the Global Luxury Market
Over the last two decades, the global luxury market has witnessed an impressive boom, fueled by the allure of runway trends and consumers' growing affinity for high-end items. However, recent developments indicate that the once-thriving industry may be facing significant challenges, particularly due to shifts in consumer behavior and a shaky economic climate in China, which has been a cornerstone of luxury sales growth.