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›Return of the luxe life: Global sales of high-end brands likely to bounce back to pre-Covid levels this year
Return of the luxe life: Global sales of high-end brands likely to bounce back to pre-Covid levels this year
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Return of the luxe life: Global sales of high-end brands likely to bounce back to pre-Covid levels this yearReuters
Last Updated: May 17, 2021, 03:47 PM IST
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Synopsis
Bain now sees a 30% probability that sales of high-end handbags, clothes and jewellery will return to or exceed $340 billion this year.
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The industry s biggest groups such as LVMH, Hermes and Kering are already above their 2019 levels.