Tariffs, war and inequality Luxury goods Market-Gucci sales decreased by 24%

Individual luxury goods are forecasted in 2024 with 364 billion euros ($ 419 billion) Slide from another 2% to 5% this yearOf course, the US tariffs and geopolitical tensions have given education of threats to the threats that cause economic slowdowns.

“It’s still difficult to be positive in a difficult time – three wars, slow down the economy, so far inequality, unequality – this is not a collapse market, ‘he said.

Along with external headlines, luxury brands alienated consumers who have each other Continued creative crisis And the sharp price increase, Bain said. Buyers were also closed in Italy as a result of recent investigations, which made the conditions of subcontractors preparing luxury bags.

The study showed that it was shown. Due to tariffs in the United States, the market volatility discourages consumer confidence. China has registered six quarters than the confidence of consumer.

The Middle East, Latin America and Southeast Asia notes. Europe is mainly true, and showed research.

This is an acute disagreement as a strong creative and profitable Prada group, such as a group of Prada, it reduced 24% to 1.6 billion euros in the same period, such as 1.34 billion euros and Gucci.

The Gucci owner Get dry Last week, Luca de Meo, the Italian car executive executive, hired former director Renaultto make a turn. The decision, three of the brands – Gucci, Balenciaga and Bottega Veneta – presented new creative directors.

The shares of the kergown increased by 12% according to the appointment. D’Arpisio, French Carmaker Renault returned to previous roles as a profitable and previous role marketing director Volkswagen and fiat.

“All these factors still resonate each other in a market in a market when the growth is still in the game, but must be more flexible in terms of expenses, ” he said.

Brands are also changes to minimize the impact of US tariffs. These include reserves in stores, not direct production sites and warehouses.

With aesthetic changes, Afoot “Does not make much sense to fill the channels,” said D’Arpisio said.

Again, many of the many companies are under the control of the sector’s buffers.

“Many of these (negative) are not going to change soon. It brings more clarity to tariffs, but we will stop wars or political instability in a few months, ” he said.

President of the Italian Luxury Brand Association Altagamma Matteo Lunelli, the sector recorded the total growth in 2019-2024, “he said.

Luxury costs are sensitive to global confusion, the application of new markets and pent-up requirements, adolescents have restarted.

In 2008-2009, the financial crisis received sales of luxury clothing, bags and shoes for two years to 161 billion euros to 147 billion euros, sales of luxury clothing and shoes. The market is more than 14% back with acceleration in the Chinese market in 2010, in 2010. Similarly, after sales after sale, 21% after sale, pent-up sales to new notes.