“We don’t like the term quiet luxury, there is nothing quiet in luxury,” said Claudia D’Arpizio, senior partner at Bain & Company, on Tuesday, presenting the most recent Altagamma and Bain study in Milan. “Luxury must always reinvent itself, with innovation at the center of it,” she said, underscoring the importance of creativity and a “rebellious spirit,” as well as the importance of investing in technology, talent and sustainability.
goods market is expected to record 4 percent growth by the end of 2023, swelling to an estimated 362 billion euros, according to the Altagamma-Bain & Company Worldwidehad projected growth of between 5 and 12 percent in 2023, or between 360 billion and 380 billion euros. The study expects the sector to grow to between 365 billion and 390 billion euros in 2024. market is forecasting gains of between 8 and 10 percent in 2023 compared with 2022, reaching sales of 1.5 trillion euros, which is a new record and proves its resilience, said Federica Levato, senior partner & Bain & Company and coauthor with D’Arpizio of the study, called “Long Live Luxur