- Luxury Daily - https://www.luxurydaily.com -

Beyond China, luxury fashion recovery may stretch into 2023: McKinsey

Posted By Sarah Ramirez On In Apparel and accessories,Featured,Industry sectors,News,Research | No Comments
Brands such as Louis Vuitton will be able to weather the storm with strong customer loyalty and focus on quality product as well as a deep-pocketed owner in LVMH. Other luxury brands may not be as blessed. Image credit: Louis Vuitton The future of luxury fashion in Europe is highly dependent on the return of tourism. Image credit: Louis Vuitton

 

By Sarah Ramirez

The global fashion industry has a long road to recovery after suffering its worst year on record amid the COVID-19 pandemic.