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Couture, fashion and leather goods

Luxury, Gen AI and travel will lead uncertain fashion industry in 2024: report

November 29, 2023

Fashion industry executives are divided about what to expect next year, with 26 percent expecting conditions to improve, 37 percent saying things will remain the same and 38 percent predicting conditions will get worse. Image: The Business of Fashion, McKinsey & Company Fashion industry executives are divided about what to expect next year, with 26 percent expecting conditions to improve, 37 percent saying things will remain the same and 38 percent predicting conditions will get worse. Image: The Business of Fashion, McKinsey & Company

 

By Luxury Marketer Intelligence

A mix of geopolitical, economic and climate challenges mean the global economic outlook will remain unsettled in 2024, directly impacting consumer confidence and spending in major fashion markets.

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MOST READ
  1. Aimée Ann Lou embraces conscious couture with wholly sustainable luxury footwear across entire value chain
  2. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  3. Argentina: Reopening of a sleeping giant for luxury
  4. Lessons for luxury brands from recent FTC action over beltmaker’s Made in USA claims
  5. Orient Express, targeting HNW, enters luxury cruising business with world’s largest sailing yacht
  6. Profiling a Luxury Icon: How the Rolls-Royce Ghost reflects the new approach to luxury
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  8. LVMH ramps up presence in media with Paris Match acquisition
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  10. Cartier owner Richemont H1 sales up 12pc to $10.9B amidst economic, geopolitical uncertainty


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