Ex-Ogilvy, Brand Strategist & Creative Director/writer, over 20 years in the business; open to relocating anywhere
#LuxuryBrands #GlobalEconomicSlowdown #RightSizingLuxury #BrandStrategy After a pick-up in luxury goods sales in the last quarter of 2023, it appears that the industry is experiencing uncertain and slow growth once again, as Kering seems to have indicated, especially with their Gucci brand. This might be a broader pattern as well. Although the luxury segment usually stays resilient during economic slowdowns, there might be some longer-term trends to also consider. Read my blog post to know why 2024 might be the year when the luxury industry needs to start rightsizing itself for the decades ahead. https://lnkd.in/gx6NNsVv https://lnkd.in/giHDjzMp