Research
November 16, 2022
Global luxury goods markets are projected to hit $1.45 trillion in sales this year, as younger generations drive growth. Gen Zers Emma Chamberlain and Charli D’Amelio pictured above. Image credit: Louis Vuitton
By Amirah Keaton
A new report from Bain & Company and Italian luxury lobby Altagamma projects the overall global luxury goods industry will hit $1.45 trillion in sales revenue this year, while the personal luxury goods sector itself is predicted to reach $365 billion in 2022.
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","iv":"85095cf281877401cae8b1f55fcbb550","s":"c8cb4765205d66a7"}
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