The State of Luxury: How to navigate a slowdown (McKinsey & Company)
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About this report
- A report by The Business of Fashion and McKinsey on the global luxury goods sector.p.
- It argues that years of price-led growth and rapid expansion weakened luxury's promise of exclusivity, creativity and craftsmanship.p.
- The report describes the macroeconomic headwinds and shifting client preferences behind the slowdown.p.
- It sets out strategic imperatives for luxury executives navigating a period of slower growth.p.
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