Fiona Wang’s Post

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Head of Asia at WÜSTHOF

Who will drive the luxury consumption in 2024? I would like to share a report I read over this weekend: China remains the best performer with 10% growth rate. The upper middle class is more cautious in spending, but the wealthier segment does not slow down in Luxury consumption. Gen Z and Millennial UHNWI is rising and strengthen the trends. The evidence on the market trend and future forecasts in the Altagamma Consensus 2024, presented by Stefania Lazzaroni, General Manager of Altagamma, and created with the support of analysts financial institutions and in the Altagamma-Bain Worldwide Luxury Market Monitor. link for the full report below: https://lnkd.in/e7A_uTcg #businessanalysis #China #Luxury #Bain #Altagamma

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