A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 25 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

World News Nyheter

Business

Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic.

AFFIDAVIT: Brad Simpson had trash bags, bulky item wrapped in tarp after wife Suzanne Simpson’s disappearance

While the study did not address the possible impact of tariffs, D’Arpizio said the impact on European luxury producers would depend on how the tariffs are implemented on the category, if at all. She noted that a dearth of American luxury substitutes may lead to an exemption. Sales of luxury goods are forecast to drop by 2% to 363 billion euros next year, from an expected 369 billion euros in 2024, due to steep price increases imposed by brands and global turmoil, Bain said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 442. in SE

Sverige Senaste nytt, Sverige Rubriker