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    Home - Luxury Goods & Services - Luxury market growth slowed ‘considerably’ in 2024: McKinsey
    Luxury Goods & Services

    Luxury market growth slowed ‘considerably’ in 2024: McKinsey

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    Luxury market growth slowed ‘considerably’ in 2024: McKinsey
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    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.

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AVLwzbd+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″}


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