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Bank of America lowers 2027 luxury business forecast with sluggish third-quarter 2026 growth

September 28, 2026

Kering's Gucci, one of the leading luxury brands worldwide, is on its way to recovery with new designs and leaders. Image credit: Gucci Kering's Gucci, one of the leading luxury brands worldwide, is on its way to recovery with new designs and leaders. Image credit: Gucci

 

Bank of America has cut its 2027 forecast for the global luxury business after industry data tracked by the organization showed that demand growth slowed during the third quarter to date compared with the previous three months.

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