A CUT ABOVE THE REST

THE $459 BILLION (€425 billion) global luxury goods market has grown faster than the overall economy, expanding at about 4% annually, and is projected to exceed $568 billion (€526 billion) by 2029, according to Houlihan Lokey, a leading global investment bank and valuation advisory firm.

- -V. Keshavdev

Growth has been driven largely by price increases (80%), with profits nearly tripling since 2019. Going ahead, Gen Z is expected to dri