The luxury goods market is experiencing a renaissance, with young people leading the way. According to the True-Luxury Global Consumer Insight 2023 report from BCG and The Altagamma Foundation, millennials and Gen Zs are expected to account for 75% of luxury goods shoppers by 2026. With that in mind, Malaysia’s largest and first luxury department […]
By 2026, Millennials and Generation Z are expected to account for 75% of luxury goods buyers. This striking evolution is reshaping the luxury landscape, driven by younger, higher-spending, more demanding consumers. It also brings new trends to the forefront, such as the resale and rental of luxury goods.
According to the True-Luxury Global Consumer Insight 2023 report from BCG and The Altagamma Foundation, Millennials and Generation Z are playing an increasingly important role in the.