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What do you think of the new luxury? Luxury brands have been ditching their shackles of old and adapting a new way of advertising. A way that appeals to the masses and invites inclusivity. Yet, why the sudden shift? And, will it work? Read our blog to find out more: https://t.ly/Z8ZPE #socialinsights #luxury #influencermarketing

Trends in Luxury Consumer Behavior Luxury consumer behavior is constantly evolving, driven by changing societal values and economic factors. Today's luxury consumers are more discerning and value experiences over material possessions. They seek authenticity, exclusivity, and sustainability in the brands they choose to engage with. With the rise of social media, luxury consumers are also more informed and connected than ever before, influencing their purchasing decisions. Want to learn more on how to stand out in the industry? Contact us today! https://lnkd.in/dUf4PRfU Luxury Marketing Monaco Luxury Luxury Branding Monaco Lifestyle #luxuryclub #luxurybranding #monacoluxury #socialmediamarketing #monacolifestyle #luxurymarketing #marketingagency

Why luxury brands need a blueprint for success. Luxury brands seeking growth and continued desirability must be more deliberate with their strategies. Read More: https://lnkd.in/gxuy-yFr #LuxuryCruxx #LuxuryConnect

The global luxury market reached a historic €1.5 trillion milestone in 2023, reflecting robust growth and resilience amidst economic challenges. As consumers prioritize luxury experiences, brands must navigate uncertainties while focusing on innovation and adaptability for continued success. #NuvamaPrivate #WealthManagement  #LuxuryLiving

Experience is king in 2024. The new data from Bain & Company and Altagamma on the global luxury market shows that spending on luxury experiences is growing faster than that on goods alone. This is not surprising when you consider the increased demand for experiences from shoppers in recent years, but it does underline why we should all be putting experience at the heart of our offer - and no one does that better than the brands themselves. Read the report: https://lnkd.in/ekCgwUQY #luxury #experience #newnormal

Luxury brands face increasingly complex challenges in China https://lnkd.in/dh5vhSdU (full article) #Valentino #MaisonValentino #luxury #luxuryfashion #luxurybusiness #luxurysector #luxurybrands #luxuryindustry #Valentino Équité Daniel André Langer

Luxury brands can navigate the turbulent personal luxury goods market by focusing on quality, authenticity, and digital innovation. Forbes #LuxuryMarket #LuxuryTrends #DigitalInnovation #SustainabilityInLuxury #LuxuryBrands #BrandStrategy #LuxuryExperience #Personalization #PristineLuxuryWorld https://lnkd.in/ghGryNf7

Challenging times ahead for luxury brands in 2024. Rational consumption and heightened scrutiny will test luxury brands in 2024. Read More: https://shorturl.at/auzL8 #LuxuryCruxx #LuxuryConnect

🌐 According to the recent Luxury Goods Worldwide Market Study by Bain & Company and Altagamma, the global luxury market hit a record $1.6 TRILLION in 2023, exceeding pre-pandemic levels by 18-20%. China’s luxury market, in particular, reached $60.3 BILLION, showcasing remarkable resilience. 💰 Consumer spending on EXPERIENCES surged 15% YoY, marking a shift from product-centric luxury to experience-focused trends in the "new normal". 🚀 Additionally, the report projects that, by 2030, CHINESE CLIENTELE will play a significant role, contributing 35 - 40% to the GLOBAL personal luxury goods market (compared to 22 – 24% in 2023). 📱 ONLINE and MONO-BRAND channels will dominate, requiring brands to offer differentiation and meaningful branded experiences throughout the customer journey. 🎯 Brands must also embrace sustainability, technology, and a purposeful approach, navigating short-term challenges with responsiveness and adaptability for lasting success. 🤔 What’s your take on these projections? Could they be too optimistic or a well-aligned growth trajectory for luxury? #China #Luxury #ConsumerBehavior