Close Menu
Global News HQ
    What's Hot

    Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation

    June 8, 2025

    Essential Backyard Pond Maintenance Tips for Every Season

    June 8, 2025

    Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection

    June 8, 2025
    Recent Posts
    • Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation
    • Essential Backyard Pond Maintenance Tips for Every Season
    • Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection
    • NYT Connections Sports Edition today: Hints and answers for June 8, 2025
    • How to watch the 2025 Tony Awards live online, on a phone, or on TV, including free options
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation
    • Essential Backyard Pond Maintenance Tips for Every Season
    • Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection
    • NYT Connections Sports Edition today: Hints and answers for June 8, 2025
    • How to watch the 2025 Tony Awards live online, on a phone, or on TV, including free options
    • UK prioritises health and defence as other budgets face squeeze
    • Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy
    • I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad
    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”:”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”,”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

    Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection

    June 8, 2025

    Mini Motorways is getting a creative mode

    June 8, 2025

    Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo

    June 8, 2025

    Diane von Furstenberg Fall 2025 Ready-to-Wear Collection

    June 7, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Cryptocurrency & Blockchain
    3 Mins Read

    Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation

    A recent analysis posted by Artemis CEO Jon Ma has sparked discussion about Tether’s potential…

    Essential Backyard Pond Maintenance Tips for Every Season

    June 8, 2025

    Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection

    June 8, 2025

    NYT Connections Sports Edition today: Hints and answers for June 8, 2025

    June 8, 2025
    Top
    Cryptocurrency & Blockchain
    3 Mins Read

    Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation

    A recent analysis posted by Artemis CEO Jon Ma has sparked discussion about Tether’s potential…

    Essential Backyard Pond Maintenance Tips for Every Season

    June 8, 2025

    Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection

    June 8, 2025
    Our Picks
    Cryptocurrency & Blockchain
    3 Mins Read

    Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation

    A recent analysis posted by Artemis CEO Jon Ma has sparked discussion about Tether’s potential…

    Home Improvement & Remodeling
    4 Mins Read

    Essential Backyard Pond Maintenance Tips for Every Season

    Key Takeaways Most backyard ponds require weekly maintenance, especially those housing koi fish, to maintain…

    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