Since the pandemic’s outbreak, luxury sales in China have boomed, accounting for up to 80% of the global market in 2020. A position that will stay dominant for years to come, according to Jefferies and Bain & Company.
Search results
Refine search Content type
129 published items with the word (s) or phrase Bain & Co in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
-
![]( "China to account for over 60% of world luxury market in short term")
China to account for over 60% of world luxury market in short term -
![]( "Gucci's evolution from aspirational label to inspirational brand")
Gucci's evolution from aspirational label to inspirational brandFaced with consumers who are increasingly demanding in terms of brand values, luxury labels are undergoing a sea change, extending their vision beyond products. Gucci more than others, through its unique initiatives.
-
![]( "Luxury industry challenged by disruptive surge of young clientèle")
Luxury industry challenged by disruptive surge of young clientèleGen Z and Millennial consumers will account for two thirds of the luxury market in 2025, forcing labels to adapt their strategies to their young clientèle’s “activist” vision, said the latest study by Bain & Co.
-
![]( "Alibaba renews efforts to woo Gen Z consumers")
Alibaba renews efforts to woo Gen Z consumersE-commerce giant Alibaba has launched a set of new functionalities on its Tmall Luxury Pavilion site, designed to enable leading labels to reach out to the younger cohorts of Chinese luxury consumers.
-
![]( "Bain & Co. estimates luxury industry revenue set to slump by €60-€70 billion in 2020")
Bain & Co. estimates luxury industry revenue set to slump by €60-€70 billion in 2020The consultancy firm is forecasting a Q1 luxury industry downturn ranging from 25% to 30% globally, with negative repercussions in Europe until 2021, while recovery will be driven by China and e-tail.
-
![]( "Miu Miu names Benedetta Petruzzo new CEO")
Miu Miu names Benedetta Petruzzo new CEOThe Prada group’s label targeting younger consumers has appointed Benedetta Petruzzo, formerly with the Kering group, as its new CEO. She succeeds Maria Cristina Lomanto, who left last summer to join Roger Vivier.
-
![]( "Young Asian consumers, e-tail, eco and resale are key for luxury - report")
Young Asian consumers, e-tail, eco and resale are key for luxury - reportMillennial and Gen Z consumers, especially from Asia, plus the growth of online, a booming secondhand market, and a desire for social responsibility are all pushing growth higher in the luxury market, a new study shows.
-
![]( "LVMH close to buying Tiffany on sweetened offer")
LVMH close to buying Tiffany on sweetened offerLVMH is close to buying U.S. jewelry chain Tiffany & Co for about $16.3 billion after sweetening its offer, sources said on Sunday.
-
![]( "LVMH gets access to Tiffany's books after it raises offer - sources")
LVMH gets access to Tiffany's books after it raises offer - sourcesFrench luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday.
-
![]( "Italian police uncover Naples sweatshop linked to luxury groups")
Italian police uncover Naples sweatshop linked to luxury groupsItalian authorities arrested the boss of a company in the southern city of Naples that employed dozens of undocumented workers allegedly making leathergoods for some of Europe's best-known luxury groups.