Luxury market

Through . Published on 20 May 2020 à 11h22 - Update on 20 May 2020 à 11h22

According to Bain & Co. the luxury market (personal goods) is expected to decline between -20% and -35% this year. The McKinsey firm predicts a decline of between -35% and -39% for the same market. According to Bain & Co, the luxury market will return to its 2019 business volume (€281 billion) by the end of 2022 or early 2023.