18.5 million elite consumers (4% of the total) account for 30% of luxury consumption in the world (€920 billion in 2018). The Second-Hand Market and collaborations between brands are the new trends. Good news for ‘Made In Italy’ whose positive reputation has grown compared with that of French products. Retail: while digital technology opens the door to new protagonists and new formats, competition for the most attractive locations remains high with advantages for mega brands and strong pressure on costs, investments and sales.
The Altagamma Consumer and Retail Insightconference has presented the True-Luxury Global Consumer Insight carried out by The Boston Consulting Group and the Altagamma Retail Evolution compiled by Bernstein.
The findings of the studies were commented on by Carlo Alberto Beretta, General Manager of Tods, Stefano Sassi, CEO of Valentino, Claudio Marenzi, Chairman and CEO of Herno and Chairman of Confindustria Moda, and Giovanni Tamburi, Chairman and CEO of Tamburi Investment Partners.