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Luxury goods market surged 21pc to $1.4 trillion in 2022 - Vimarsana News

Luxury goods market surged 21pc to $1.4 trillion in 2022

The luxury brands recovered considerably after the epidemic, with its global market surging 21% to hit €1.3 trillion in sales by 2022, said an industry expert. The consumers of luxury products are growing at a rapid pace and will hit 500 million by 2030.

Emirates News Agency - Global luxury goods market surged 21% to €1.3 trillion in 2022: Investopia Conference - Vimarsana News

Emirates News Agency - Global luxury goods market surged 21% to €1.3 trillion in 2022: Investopia Conference

ABU DHABI, 3rd March, 2023 (WAM) -- A panel discussion at the Investopia 2023 Conference that concluded today in Abu Dhabi cast light on the global luxury market's rapid and remarkable recovery, as well as its future aspirations. A number of business leaders attended the session, titled “Global Luxury Brands: Key Trends and New Governance" including Patrick Chalhoub - CEO - Chalhoub Group, and Altagamma Chairman, Matteo Lunelli, who focused on the rise of e-commerce as well as future growth and investment prospects. Patrick Chalhoub...

Source: wam.ae
Chalhoub: Luxury brands must 'expect the unexpected' to sustain growth - Vimarsana News

Chalhoub: Luxury brands must 'expect the unexpected' to sustain growth

ABU DHABI: Customers are now more purpose-driven, especially when buying luxury brands, according to Patrick Chalhoub, group president of Chalhoub Group, who spoke during Investopia 2023 on Thursday. He explained that luxury products were often viewed by their price tags, however, this no longer applies as consumers are much more sustainability-driven. Speaking to Arab News on

How Ingie Chalhoub is making her retail empire Gen-Z friendly - Vimarsana News

How Ingie Chalhoub is making her retail empire Gen-Z friendly

In fashion, change is the only constant, and Ingie Chalhoub knows this well. In a career that spans four decades, she is still innovating the fashion lands..

Top luxury retailer offers Saudi youth careers in fashion - Vimarsana News

Top luxury retailer offers Saudi youth careers in fashion

RIYADH: A leading luxury retailer has launched a local campaign #MYBOLDFUTURE that seeks to help young Saudis carve a future in the Kingdom’s retail sector. Chalhoub Group’s aim is to meet the growing demand for high-end fashion and support the industry in the region. At Fashion Futures on Oct. 11, a keystone event held annually by Saudi Arabia’s Fashion Commission, the group