Close Menu
Global News HQ
    What's Hot

    High Yield, High Cost: The Real Returns Of ECC And SLR Investment (NYSE:ECC)

    December 16, 2025

    Client Challenge

    December 16, 2025

    MetaMask adds Bitcoin support after teasing it 10 months ago

    December 16, 2025
    Recent Posts
    • High Yield, High Cost: The Real Returns Of ECC And SLR Investment (NYSE:ECC)
    • Client Challenge
    • MetaMask adds Bitcoin support after teasing it 10 months ago
    • Morning meetings show managers are here to help, not hinder
    • Today's NYT Connections: Sports Edition Hints, Answers for Dec. 16 #449
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • High Yield, High Cost: The Real Returns Of ECC And SLR Investment (NYSE:ECC)
    • Client Challenge
    • MetaMask adds Bitcoin support after teasing it 10 months ago
    • Morning meetings show managers are here to help, not hinder
    • Today's NYT Connections: Sports Edition Hints, Answers for Dec. 16 #449
    • Insurance moves at Starkweather & Shepley and Amica Mutual
    • APCIA supports DRIVER Act to protect vehicle data ownership and privacy
    • Kizzi Kitchener Reveals Why She Didn’t Kiss Below Deck Med Charter Guest David | Bravo
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Luxury Goods & Services - Luxury market growth slowed ‘considerably’ in 2024: McKinsey
    Luxury Goods & Services

    Luxury market growth slowed ‘considerably’ in 2024: McKinsey

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Luxury market growth slowed ‘considerably’ in 2024: McKinsey
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Apparel and accessories

    January 21, 2025

    Macroeconomic pressures are expected to continue weighing on the personal luxury goods sector, according to the new report. Image credit: Fashionphile

     

    By Amirah Keaton

    The global luxury industry is facing a challenging environment as growth decelerates, per insights from global consulting firm McKinsey & Company.

    {“ct”:”Pi3apNvUXzfiK1RTrWsWL6ylQApkYp+fJjWLuAbwUkzsf1S+qTrMCEiQw350FuWIpY7pxFzz8pckiU0yHN45J5p77WDCneZV8O3vU9b9eu6wS148r44kV1gtWNUuyFSbGQvrQkdsBO0ZQgGMeraUD9LWgpxsh3cg9Als19PoBbCP2M1zOAZx0h4+fnctij0J0jPu8\/Rw4oGOMVD2\/PZSk8dnEuSIi7+PAVq4YZjiE\/GlvFvq6FDkZwTGMsp4pL2aCxr\/MljdHe1Tz3mYU4m3C9tNqjQ2MW+9gDJRYAcawB6cR+4aiYJHbSvGrO9E3f3e0+dZzXTFxTNVXbqpQaCzvpKFifVh4iBDwdPGACF6swterin2WiSNbQa3ltkfWwnoWB9tIwBZ\/VdK6zK9+uODBce\/eX978Ac\/Vn9eYg0G7XcKaEMWrcpkqV1NDwppIaCmjEWUD0k+gYnWA9IlEE2eRh\/0WrXBIDTVD28yUFDkr0ylt2R1bY+j3X9hJwnDNJN7pMyPcIH8i5z96w1ae61HR+azCSBV0A3D8nHsZSvtJsymoNIYIfqpztjWr+Nh7nGzLaIYwPkEJDOyAqryhbRVmX11K0qCvb13PlqVFsF1cIzIcyrVE1pD84TDJ+iiDd1a1h3A9W78oYgoTLkvROmkDzc7xc7OATioepCnBEOb0HSEjFQACt9GWTNSy2NJ1enzHRoY6GLxZwGhJJ5h4\/I2XsD3idR1eIgJ+g0nYzr\/0P5eBogxA6TO1ahudO\/Vz3c6h\/\/eZNnU0GlaQkd8soNx\/KfEbxoJ0UDaOAnYeu7NShiPyMLkv30YtyH6C9TLh4gTsbH0igdL9xI9U0R6IBTm25kKmRTKAuI9cDYUknQVMnWSmpGItIJwmu2g86Hfs7\/mEhEHSdA4zgc7Wml\/uTIyOuEP7xhbnALbJQJNlYEryoR40NDbzAgmt9NWsbxoNgqBjw9\/o5Zdis308ffIcsfUh8Z3fS6epBHG92Mk5TItEYduK0sk+6P8n7FTb9kMM4jjNqjQ5ieKl3Z+CP70VUSu3olu+j3iaptwXpfYXEPSz7e0240L9CK366LcrNdjTHnICydclt4aLpqMHdkGTTYSv8ly\/c1UykUqijIIQmgFkwLFP0aEltVL\/oY20f5CIhBv1pVA\/q0ete1KCIoPi0a7i0WZaMR77JY4+fK4Jo0iRwCfFc\/cFeem5456tUydMAKIiZ2UdE4CjV0SGDJmq5D8nszCAvK7JOKZDPWoMvmPyDmDdgsJ12BezJ5y1CRzl8ynmegAD+WgvoDp7thvMC7by+uzZHJBCMRLp6+\/tcD7w\/IvQJpHMxZ9gwSXUxvEyO6axoF6HkrROAjGJUZ9vIyiNsktpBZq26nYMcmrusH1K\/nuzgmrWw2+IEKu\/ULcmO20FnUmD+onpLo9pRYk3\/zU9tnjFpw3Gj4urz4cRwfKzLL5EVmHqL2G3ZZRTSNGFCnLC1DWr20fVbdhnJO9R9z57NfY6MunQfLC7\/2Ha\/myK+TWGlylIMTUYz8yUvqjmf1uOQmbcwTKo49Mz+Mghq61eDgFBrXzjCSmfViIKz93FFIdYQvrL9uwIJ1lwr4ozTd6C7FTCqbXSErQRdPldZPiPcxQkLjaOMvKHDzhRaDldNkJc0ZFHV8AjSQMs2BccSGPyjKmst9Rtfnr+DnYbnfZ03iVLdXFZVF6rHnC6GVZOiU1kbPh4kO3OWimZveazEyT4NB1ZLrXfc0BHzXu9YYKQsGlwIVBl+IuvDf\/kD2MWCHeshBggltOzm42sktr7DgkNUMcjKQkiVqEjc61zWDaID8Y0cKwYl7A4XB6D0iu5SBIZsm6YZqLm8gzNKYER4E1xtj9YPNjmU5juMdhwZ8tTzJ8rbDOvw0GqLqQhhoHL+w5Qg0DgrcpyKFj2jTlP1UCg5fPHvSf2IO6tsFXde1WLzGHwTME27prat62RE4Gd0HKRrfccWPzeQXkcBS\/RWyCj+lRHpNacDEakUopGADfOLcbEz7tf9dIOvN3F7InZHRio0OazgDIIu6Hvwq8VD5VuK27ps3u8EPyLrowdxavklaFFsW6ryCHT\/TSoKOah+hBEtigUK3zF6XsHGOYoSSlgaIGoLHgO5eaIcwXcXAxNYElW5pzTpPu\/8EA49xHUlsPwW0UAcRXJXvfLbA59Zm957xioNH9F73y87pK+yNdBfap0Z4NFkJ+piqHfdw548NtlLslYC1f1HvPCM\/e9QsmITtqagZbzgiLafHgjHXD\/8bmSTk+6NqjMt2gQaAndqstU+i73+viYmdNJbw1eVZvsXrcPo++QUlcQDWPB1V3kEkk7WjXXMyrM76YuJo6hu9KVdmb1t4Ya02rk\/VO5A2nXGH5YzqYkpHS8cHh+PCBHl0CmbDMCgjS7qe7xLHSmTEwOwueHZmVfJcK1BKaB8+7xrwAzNhXWubVg3tXlrVlA+U6w7T8vBhrIue5XIlpNsWGtjDgpElOnO0QeLiyimEtCAT0xqJorp2K2ZghJNAt30MsKqyyPfIxJaV6fG84F\/ES0I0nds2Sp79IInqyQoDYcLJ+g1YsZRwm8OW72QzUthAHa6tlzeF1VC1nL\/jCQt3UunZ\/WlBI7TgJBPdbeDllmErFFthmr7PWKRxlXbPrrRnA+huw0byWTbuxIoGSqqOJgFKePK022hoRpJ+hFZrq9hmwtJ+HYaWezMu0z\/ePw9DvzXPsx3G5F+gIOws3lYAAIkUxM2TqvJxSbPhXFqS7fBhF2V0jYS6cm9E1JmSvaK\/P8Mq0DN6xtmqJzRs93dE+riGZjYBuT+MJWHRDmS2ks3aORdg06MKOhUKmpuV3zpQ\/aH75ixbZzpTDM19Jfc3eWSMr5+P6rYlvEqRhnonuZxVHNIBfCZy9d4oFl+oPb40jT16DZEfWxjn1DxQ99tj4EnHlIYmeNPTvGC6lH7DjlZdXHhzTjUWUPQvWdkix9eS0cRYI541F41rY+rvxp44zD6N9JDyu06PaatF+\/Uidysi8ouRrtaMZWBiras0Ki6g1zsyvK7ozY8QveGl6lxgHm2WomHklLlEiGKg0zNYjU\/NSG4kdUv2vvE1zJ82wdZ9h1dwHBw4T2uZFa76PV2GX8Bucr8ACT7VNfqnbBSYvNsnSf0GjId8HvWHG7U+S+CimCyPZIn66u4WYvlNY0lPEfqa+mHfdh\/sHldI\/9vWT08xA20PIWzyntVXR\/r+3YV0cKhOSg5sswRQ4XCtOPNbXOhW0B8TPceLmlS2ELWEM4vg8PC3yoQrUS6H2pDuw\/gxmzghfZC3Cyrk4YrZsM1c+kq\/QLvE9ID4iGNow6RGjot\/QgeD5CizgHPV7bO4qV4rOMniXpo6b1H1RNUzRDJ4KFCET9ajbSg01B2\/DKb4XZrpKayBCT1tPJf2n3OrIWMY9x6vE2pWQw3FgsHaNK\/RKMzFRim5MzVTxD2iRCP+dz5KmOO3wo2EjtXvWk5bxQS9FCtGX5CSVb08bKKkzHtAOO5DwKb\/Ly0J5DBsvRVYofU1fMz0iraNHxP714nlnDAT+KyAQQ+jdCelrG593kzV+OQLl7LDSBpbUKJJJRc2PSnHsxIv2zvqOLsla5fYQV9eMC\/7LeXI+QFbd4iuwbn6U1gnbx9uCaJ+LRAkIPL38d0VwiomzGsI+NwbT7zYD2Q8PAAlviLDUM52SUXQArb61nch+vRKvgotgMpsfleOORKYYiwg0OGIa5+UchGJCvfdBq+Zbt+29t1bbU6PL65DuKfkYb6hdjmBEnCdGXlTBUF6DS0W3hZvi3aDd1b5AWOytCAlK+5FL6AIYLHDnXgCGtyyrZdhNwnJhv5Uh4ouHlLoQ0LKvmItaXvFLMrJD4ZBIhib891fXfWWid1apvrClwjXqacphHJGR6w5KXCdQFCbBqUWlTm8IQVZicpJJ50TNPkg3iuA7IiIB7T72mlpNjzoNZ65D6lOeTNx+j1bLpExwPP55RSeIDDfd26RiArcyROQKoN6rWrxRB8ItPvu94LId4deZ7AaIz4yI2Iv5px7kzszSbpboyf3YuzWKpFCGTyATLoVZ944o8hH\/TntqOuISZpC3MjnfPGR\/EMcivrw0pEQWwH+I4hgP7DeVDvwSkOWarddlCTS1nxPQLLr6FtCuqYm0dyHCEtktkhgB16Sgynkdy4w4Kw9P1hYgBKG0kxyjERqa9dowBRo9ZKXLnv3nB6W6Kt56HM+xPQoiMLwtXoBm5AWiqoOCAgl5+OUy7YxVRAxZD3JHXUYEJhP9Y8peTYIaQB1muWjEDyJqUxSjBf85z4cva4s+FHeI2f6HZ5gNXIp4Jq3n6gVqa261aUS\/gdafrqHxq49xpn5ZeEaZa1dyQDEF615eMHnjZV0+trNv33vkyaJbGfLadC9SKF6IzUAEXVvvs5DhBhwZjBRnVb47P3UsqBk8rq6pYNAt5MJ+jFQ1adQYV388ktP0FCCZ\/wU7r4VZo3mKFIzXQ\/7s\/60Lqro2aDVHj2yiRq4gYb40+oIqFyZ0TqOzLSGmT98vBzS7eqJnnsM3kAd43+6MEbc+uuxXX2cFIxurGk4d2gb9Sy+HMzibpiFrKw0Tu2voXT8evV5YKScItRhzxxgNrxZZl6rwnIHuBh4\/fDMuCV69K6GBe+QLtkDwKhq7CNReRptqJA9hgfhSpCQ3\/geaph9U\/Zm7q3CxzIb4LlB0X2Df118tNy0enrT2QEldwvob5t8\/2SzlWTlFqSLcZy+day4SMYfhsp4nLKt1aieFmmXLbNnovr2KyVrgZ1luy4S1m2v3JOj2chBCw6t\/U1+Bd04ProTFHC74Iu3F3l+hlNP8mMCw9WsJ0PfojpG7B\/VJN2Z1FrRX7MtQHeGIfCdUf7LGuilZhP2uWTzBNZ98z2fm8b5tGOOltVvaznvm1OkT1Iu6lG8Y0ZKIN5P6AVLwzbd+6QY1X0INVliJA5mbNKtZ0VvrVQErnuHPfPwe04qZZxmpmbqSyjCdl9TaLhXBRzyOBzL6r5pb4k3B+Cpp9hp54gH4yxRW\/arq1ddWwxG+NEor51QwkhHojCJYTnp8qwc86IblECKU8ifPXyF7HM+BkmVRdnnGc5HGbGYFZVuEX+O13TwBw8\/t7VNNTtHCZl9ckqVJZz5XYPzHWCOxGwwCAjYftI503auitb7IevV5fhbex24zK17mbpRjdiepySJ\/zjIEcc39uwdad5EjDORAF0trIlzT+PQVhOaAWURvcIkfX+qK+M1RqRiHhm78vYLRxKMiENJEjgXQYYwp0waWCQH229h\/eYvay\/0yDxAU0Il65QL40P+78zW3tczfHPR8Cm56XJ7JhKn4orViOuUzkV4SwBH\/yxjBH0fEIsMIyeAFyKFd+Noa\/osD\/ic34Wa4h7buZheMHJ2YV6MGREK8ZgMzthjszEu\/flWZEvG4MZg7orQcMt\/sFXeER\/T7eVdcwhWwUjaByy2Pm4+kHlcfewFMp0EjmoXr34essaUYDcwJsVtmjANOhynSPAHfc7dNYevs+CdbMNfS0\/yfygU7ZLhahSVu8t3bJWUkSYV4+fdxQ4+Mg8d5NbyA0JDp+6LQ0Q1WYiPB8MZxYDyKPObcFEpcO\/x3eVu1bfNLVs59j3PVr5WuBjvEkhLnBDm65cqhP1svRpRJSBgW+DlGUlRjB5nNdmyDw9Dz\/B56Y4tRHw\/iPTKZJtYxwX4IbyG5B8DCQ7MWQBLHS1IL4W2diGphMnkW7P34uqhPkjIuR1ik9bPtjsMfL9l\/tfUDjGe\/w34JgTktwXo7NMTpirFjKY+mj5TSNsZCJF1Rze3\/ijhaTb7MirL24BbghWi9dkR\/J4eCLbGxngMvLOsQbNgW6gCTGLLy9et+l0XpDyVwBM\/mmsIAKFoS+gynZfw4VxUjM4niAe0gx12Zh7HJ\/EdHm8wB8n2rklwChU9DGOOL4E6\/jJJcPl\/Vm5vkhCUqA107AQlF\/PyZCETHw9hk6Z+bZObWWdaC+NRvrw0ZygIJF495HWulFujGu6gn8gyRhQ67tqM7GTLdkcYVSaOafj9A5\/gJmoxkzmhaL731fVyLCKOfQWwuLmbYLEtsmVFz9h7zMStEHE3beuJk2Uk03asV0YZ9eYWQLSjGyLiwB++tXzBR3gn\/Rgo8LmtAbVenLjI2xAnCiI6neov9lh0uka0suw6TyLZAo9Xga+SKaOhp3XI4B1HPkFbN8eIVESEjeuCyb0XHGEk2nWoK3fY+b9Y5xMbOMZ5JEYeM5ewO++Yh0Yv20KfPDrmaKUmZvSAJGyeXDitlTVOLO6GyaAs4zRUYb1fGwE3R8WZNEFT\/0tQyDZ218\/UCtJSL8GfJ4pEWnphZFTV6wMtUdMF9Z8rK4Bik4UOdHtfGfFWmnoB8sr71uxUrUSFqHnhl8\/ieH6RrLibJ\/kKYe6PchThgXCu8AEnN9qEeZEB+37xS3iSamdpJ812yqIyZ8T2ctMNnPk40\/XsEJTuXOEmNAQcJaR9CBJED07ttg5Gpd9i6TnveDUPvUHoTHSShLaa8asAl9rHhCYfjHBN4ejswEV\/3yBUrHM+ZsVqxgKZNDXvsQnb8NrCsI+v0gBLFBQNNlCX1oExSm3htOhuOtrus9ao9MKF1kX3Ho0XXyW1xPp7YNhgOEzVIfmRqMGE7VlQqu72iOUstEpjMfX75e0YNyTQxrl0\/NKLzrPE1plK7XSeryBYdJ2qdUZBRAAKF6Z20Ekav7nqLs3uZt9cpSYjBtxIwI2DE+deMS6ydXQaoQI4q\/FbqR4ResJOtNtIZY\/F4BMh5Yv+g6kBMKaMT24FojJpwt7+x5uD1zzzsSHczmdAYMfj0LUw7zl85MNnMFnWbzKSoahT0ndLNNYNli8XEihfZ6KrY3KwkOTkBI\/5NNTmfOGv4dICiiGI0AxVx1789YPf7tfjgOEEFOv9nbaG9IGcLEoMtzzGcY4ii4jmqhHrh2LY4syIsM9gcWOwjJh0XkN4N4J02jiur3Y1NFUWp6BY2OQSYah4qmDlScvroiKSGaSsFftzmn+gRQ7Qo0aawCRAQU2g3EPQSK9slFtCoOqGbOAUBDo0Er\/0x4UUKSQ65R350Q\/sSIwzQqnDQBv8bW7m46S9zfZHOA\/slfk0PQ1OQwqI1qP3UTuXh\/jVCcmnFd0CKehT7SLdxnGUMXdlvJLHRXO0uK\/SVDFRx7enRBS06+ewr6Mvg267TaiKbYzmae0bj+9jAOPhWtJZ4MfI9spfODhP2WV\/VRwVDLqeQo5vMvCeE2Adkllia9mIFY8v8L0zn8doRB703TGAPNp5\/KLSb3\/vMcq31jVczHCf2IOOi6qDhTL1H8FCHj0MJXHQ2pOhJexiFsQPYre1wh0P+wqVFfa1mPnqvCvkdMmsEzRGzKsBa37\/EZgcZhIUoIiexK+b3dykY0sMXxmZjvYixxlxjQo89LjPK\/FygFbZv8k42iF4DtpifPeil3EtYUlFc8IqdvaggtvP6U+g37kD5LUPDDiaFN5A\/pR1aDG7A2gTe5aN0kg4+V\/C6u+cj7Nvriady57imnrC5Zmpl8\/PqK32JE0j21OWXmoRSANxs0OBkkvm3BoSY0d\/JOB2Daj\/cboeVvdgalFhU92+cNmmuNWS+K5Bo1S7DIKeh9DKOEkJGfhY6UzS843+r5NRtXQjOJWdpkO1uKwb0UrxyGYOEyI8Eq+69MQ6oOdTZhe3zQ7XH5fm\/KBaKXJ\/mas1i4F2OA9wNmmxF7JCzW9Jn24ByopHgZFtbA7uXkhuS1ok7mP4F0eXiGVcA9SnnlqftENKCAAlxp8AMFXjvOL2hEegeU4OgI2ubhGoPg4ttK2MXEXfDBeHeeBy\/t9o7dsuu9OuqN2WOqNOIeBBBuf4rvIPUWhPQ\/IUJC0IRvLjT3hJhxKZwF6z\/7WrSl0DxDENR80iDE7BPSDF0DeMihG5QclQUga7QGyMWwq7CBQ0nMbwugSJii5B9Rg==”,”iv”:”5b8bdad83dad71d9de75646d5a83a4dd”,”s”:”b8e9bada97a2b551″}


    Share your thoughts. Click here

     





    Source link

    apparel and accessories bof business of fashion featured industry sectors luxury luxury daily luxury marketing luxury news mckinsey News research state of luxury report
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous Article7 Maxed Out Credit Cards to Money Expert by Making a BIG Mental Shift
    Next Article 3 Massive Risks for Intel Stock | The Motley Fool

    Related Posts

    Silksong is getting a free expansion next year

    December 16, 2025

    Yigal Azrouël Pre-Fall 2026 Collection

    December 16, 2025

    OpenAI’s Chief Communications Officer Is Leaving the Company

    December 16, 2025

    New York City Just Approved 3 Massive Casino Developments in Queens and the Bronx

    December 16, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Finance & Investment
    2 Mins Read

    High Yield, High Cost: The Real Returns Of ECC And SLR Investment (NYSE:ECC)

    This article was written byFollowArbitrage Trader, aka Denislav Iliev has been day trading for 15+…

    Client Challenge

    December 16, 2025

    MetaMask adds Bitcoin support after teasing it 10 months ago

    December 16, 2025

    Morning meetings show managers are here to help, not hinder

    December 16, 2025
    Top
    Finance & Investment
    2 Mins Read

    High Yield, High Cost: The Real Returns Of ECC And SLR Investment (NYSE:ECC)

    This article was written byFollowArbitrage Trader, aka Denislav Iliev has been day trading for 15+…

    Client Challenge

    December 16, 2025

    MetaMask adds Bitcoin support after teasing it 10 months ago

    December 16, 2025
    Our Picks
    Finance & Investment
    2 Mins Read

    High Yield, High Cost: The Real Returns Of ECC And SLR Investment (NYSE:ECC)

    This article was written byFollowArbitrage Trader, aka Denislav Iliev has been day trading for 15+…

    Finance & Investment
    1 Min Read

    Client Challenge

    Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version