Tag #China Consumption

How does the current instability in creative leadership within the luxury fashion sector relate to broader economic and geopolitical factors?

This wave of changes is linked to the first decline in luxury sales in 30 years, influenced by shifts in Chinese consumer behavior, geopolitical instability, and the unpredictable trade policies of the US. The uncertainty is further amplified by a decline in consumer trust and predictions from McKinsey & Co. that the situation will not improve for most brands by 2025. This situation is causing widespread speculation on social media, with brands choosing not to confirm or deny rumors.