economy
LUXONOMY has released its new strategic report “The Future of Luxury 2030”, an extensive analysis revealing the forces that will reshape the global luxury industry over the next decade. The document explores in depth the evolution of the high-end consumer, the expansion of luxury in Asia, the rise of wellness as a new status symbol, the emergence of digital meta-luxury, the impact of sustainability, and the economic outlook for each sector: fashion, watches, automotive, travel, real estate, art, technology, and hospitality.
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2025 will be remembered as the year luxury stopped discussing AI and began building with it, designing with it, and growing through it.
This raises a bold question for the coming decade:
Which maison will become the world’s first brand co-designed with an algorithm?
The global luxury sector closes 2025 with a clear message: this is not a collapse,…
After two years of volatility, China is once again entering an expansion phase that is reshaping the global luxury landscape. In 2026, the country regains its position as one of the sector’s most powerful growth engines, driven by young consumers, a renewed appetite for premium experiences, and the rise of a new generation of local luxury brands.
The personal luxury goods market — including handbags, fashion, jewelry, beauty, watches and accessories — is expected to close 2025 at around €358 billion, slightly below 2024 levels. The analysis suggests that 2025 will be a year of stabilization after several cycles marked by price hikes, economic uncertainty and more cautious spending habits.
The global luxury and fashion industry enters 2026 facing an environment where long-established rules no longer apply. Market stability is shifting, consumers are becoming more complex, and brands must navigate a world where technology, wellbeing, creativity and efficiency intersect. McKinsey and The Business of Fashion identify ten forces that will guide this new stage.
China’s luxury market is living through a historic shift. After two turbulent years, its youngest…
November 18, 2025 marked a turning point for Kering. An internal memo circulated by Luca…
After a decade of uninterrupted growth, the global luxury industry is entering a new cycle defined by prudence, redefined value, and long-term sustainability. According to McKinsey & Company’s State of Luxury 2025 report, annual growth for the sector is expected to slow to between 1% and 3% through 2027, signaling the end of the post-pandemic boom and the beginning of a more selective, value-driven era.
Luxury is no longer defined by what you own, but by what you experience. According to Euromonitor International and Bain & Company, the experiential luxury segment — including exclusive travel, hospitality, wellness, gastronomy, and immersive retail — grew 8% in 2025, reaching an estimated $103 billion.
Perfume has become the new symbol of status among young consumers. According to Circana and Reuters, households with at least one Gen Z member now account for 38% of global fragrance spending, marking a shift in the core of beauty and luxury consumption.
After several volatile years, China’s luxury spending is rebounding — yet not returning to its…
The Diriyah Company (DCO) is accelerating the creation of one of the world’s most ambitious luxury developments, valued at US $63.2 billion. Part of the Saudi Vision 2030 strategy, the project transforms the historic At-Turaif district into a global hub for culture, heritage, and luxury living.
The luxury industry is entering a phase of reflection. After years of record expansion driven by aspirational consumers, the younger generations —Gen Z and early millennials— are redefining their relationship with luxury. It is no longer about possession, but about justifying the value of every purchase.
According to the Bain-Altagamma 2025 report, the sector is experiencing a “healthy slowdown” after years of euphoria, showing flat or slightly negative growth. Luxury houses are recalibrating: focusing less on volume and more on purpose, profitability, and genuine emotional connection with the client.
Luxury group Capri Holdings Limited, owner of Versace, Michael Kors, and Jimmy Choo, has released its financial results for the second quarter of fiscal year 2026 — a turning point in its global strategy and positioning within the competitive world of accessible luxury.
The accessible luxury sector —that delicate balance between aspiration and attainability— is heading into a decisive week as Capri Holdings, Tapestry Inc., and Ralph Lauren Corporation prepare to unveil their latest quarterly results, offering valuable insight into the state of U.S. premium consumption.
The review includes a 20 % reduction in McQueen’s London-based staff and has fueled speculation of a potential creative restructuring or partial divestment, according to industry sources close to the matter.
Under CEO Benedetto Vigna, Ferrari maintains its guidance for the year, with operating margins above 30 %, confirming its status as the world’s most profitable car brand. Investors will closely watch updates on its electrification strategy, the new solar-powered Maranello plant, and the expansion of its high-margin Tailor Made customization program.
French cosmetics powerhouse L’Oréal has reached a landmark agreement to acquire Kering’s beauty division, which includes iconic fashion houses Gucci, Balenciaga, Bottega Veneta, and Alexander McQueen, for approximately €4 billion (US $4.7 billion).
The announcement triggered a market-wide rally: LVMH shares soared as much as 14% on October 15, lifting the entire sector and adding roughly US $80 billion in market value to the STOXX Europe Luxury 10 Index, which tracks Europe’s leading luxury groups. Brands such as Hermès, Richemont, and Kering also rose between 5% and 8% in the wake of the news.
The main growth engine was Miu Miu, which delivered an impressive +29% retail sales growth in Q3, consolidating its position as one of the most dynamic brands in global luxury. In contrast, the Prada brand recorded a slight 2% decline in retail sales over the nine-month period.
On October 17, shares surged by 14 %, adding more than $20 billion in market value. In its third-quarter 2025 report, the company announced revenues of €6.87 billion, representing an 11.7 % growth at constant exchange rates — its strongest performance on record.
Record Gold Prices in India Push Festive Buyers Toward Coins and Bullion Over Jewelry.
As India enters the festival of Dhanteras, marking the beginning of Diwali, gold prices have reached an unprecedented level — exceeding ₹132,000 per 10 grams (≈ US $1,585) in certain regional markets.
Kering Nears $4 Billion Sale of Its Beauty Division to L’Oréal.
If finalized, the deal would stand among the most significant luxury transactions of 2025, redrawing the boundaries between the worlds of couture and cosmetics.
According to the official statement, the brands restricted independent retailers from setting their own prices or offering discounts, in an effort to preserve brand exclusivity and profit margins. The practice, which violates EU competition law, effectively prevented fair price competition and limited consumer choice.
French luxury retailer Galeries Lafayette will open its first Indian flagship this November in Mumbai’s historic Kala Ghoda district, marking one of its boldest international moves in years.
LVMH closed the third quarter of 2025 with revenues of €18.28 billion, reflecting a modest +1% year-on-year increase after several months of contraction.
The European luxury sector is experiencing a month of contrasts. While LVMH Moët Hennessy Louis Vuitton surprised markets with a return to growth in Q3 2025, driven by a rebound in Chinese demand, the European Commission has imposed heavy fines on Gucci, Chloé, and Loewe for retail price-fixing practices.
The luxury market is entering a phase of moderate growth after several years of rapid expansion. Global luxury revenues should grow at a rate of 2 %–4 % per year between 2025 and 2027. Leather goods and jewellery will be the fastest‑growing categories (4 %–6 % per year), while high‑spending clients will generate 65 %–80 % of the growth. 2024 marked a turning point: the market remained practically flat (≈ €1.48 trillion) and personal goods declined by 2 %, while experiences (hotels, dining, travel and yachts) were the only categories to grow. China’s slowdown – where luxury sales fell 18 %–20 % in 2024 and 2025 is expected to be flat – and macro headwinds in Europe are dampening growth, although recovery could arrive in the second half of 2025.
This report delves into the figures and global trends to provide a structured analysis by segment, region and generation, as well as a review of the leading brands and companies in the sector.
The global personal luxury market appears to have reached a decisive inflection point. After nearly a decade of uninterrupted growth, analysts now predict a 5% contraction in 2025, following the modest 2% decline already recorded in 2024. The slowdown marks the end of an era of effortless expansion and signals the beginning of a new phase defined by selectivity, authenticity, and purpose.
LVMH Moët Hennessy Louis Vuitton is set to release its third-quarter 2025 revenue after the Paris stock market closes on October 14, with a live audio webcast scheduled at 6:00 p.m. CET. According to the company’s investor relations site, all related materials will be made available just before the presentation.
This update comes at a delicate time for the luxury conglomerate. The spot price of gold reached a historic high of USD 4,078 per ounce on October 13, adding margin pressure to LVMH’s Watches & Jewelry division, which includes Tiffany & Co., Bulgari, Chaumet, and TAG Heuer.
After months of stagnation, European luxury equities surged this week, driven by renewed investor optimism…
This week marked a series of strategic expansions that underscore a clear trend: the center…
This week, prosecutors in Milan requested that Tod’s, the iconic leather and footwear house founded by Diego Della Valle, be placed under temporary judicial administration following alleged labor violations by some of its subcontractors.
Miami, October 8, 2025 — Amancio Ortega, through his real estate investment arm Pontegadea, has completed the purchase of the Sabadell Financial Center in Miami for approximately $274.4 million (around €236 million). Located at 1111 Brickell Avenue, the 31-story tower stands as one of the most prominent office buildings in the city’s financial district.
A Promising Recovery for the European Luxury Sector European luxury stocks showed a strong rebound…
